Manufacturing output prices over 1 percent higher in December
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Year | Month | change (year-on-year % change) |
---|---|---|
2021 | January | -1.3 |
2021 | February | 0.5 |
2021 | March | 5.2 |
2021 | April | 9.4 |
2021 | May | 9.9 |
2021 | June | 9.9 |
2021 | July | 11.6 |
2021 | August | 12.5 |
2021 | September | 13.6 |
2021 | October | 16.3 |
2021 | November | 16.8 |
2021 | December | 16.1 |
2022 | January | 18 |
2022 | February | 18.2 |
2022 | March | 20.8 |
2022 | April | 23.5 |
2022 | May | 23.8 |
2022 | June | 24.9 |
2022 | July | 23.8 |
2022 | August | 21.7 |
2022 | September | 19.9 |
2022 | October | 18.1 |
2022 | November | 15.5 |
2022 | December | 13.3 |
2023 | January | 11.1 |
2023 | February | 8.7 |
2023 | March | 4 |
2023 | April | 0.2 |
2023 | May | -1.9 |
2023 | June | -3.7 |
2023 | July | -5.2 |
2023 | August | -3.2 |
2023 | September | -1.5 |
2023 | October | -3.2 |
2023 | November | -2.6 |
2023 | December | -1.9 |
2024 | January | -2.9 |
2024 | February | -1.7 |
2024 | March | -0.8 |
2024 | April | -0.1 |
2024 | May | 0.3 |
2024 | June | 0.6 |
2024 | July | 1 |
2024 | August | -0.5 |
2024 | September | -2.1 |
2024 | October | -1.2 |
2024 | November | 0 |
2024 | December | 1.2 |
Smaller year-on-year decrease in crude oil prices
Output prices are generally strongly influenced by the price of crude oil. In December, a barrel of crude cost nearly 70 euros, 1.5 percent less than in December 2023. In November, the average price of a barrel of North Sea Brent crude stood at over 69 euros, more than 9 percent lower compared to November 2023.
Year on year, prices for petroleum derivatives were down by 7.9 percent in December, while in November they were down by 15.0 percent. In the chemical sector too, output prices tend to track the price of crude oil. Output prices for chemical products were 0.2 percent higher in December 2024 than they were in December 2023. In November, they were down by 1.2 percent year on year.
Category | % change (year-on-year % change) |
---|---|
Food products | 5.7 |
Electronic products | 2.7 |
Machinery | 1.1 |
Rubber and plastic | 1 |
Cars | 0.4 |
Chemical products | 0.2 |
Metal products | -0.1 |
Petroleum products | -7.9 |
*Altogether, the eight industries referred to account for almost 75 percent of the total Dutch manufacturing industry |
Manufacturing output prices up by 0.2 percent on November
Output prices rose by 0.2 percent in December compared to November. Prices on the export market rose by 0.3 percent, while on the domestic market prices fell by 0.1 percent.
Year | Month | (2015=100) (2021=100) |
---|---|---|
2021 | January | 93.1 |
2021 | February | 94.5 |
2021 | March | 96.1 |
2021 | April | 97.6 |
2021 | May | 98.4 |
2021 | June | 99 |
2021 | July | 101 |
2021 | August | 101.6 |
2021 | September | 102.3 |
2021 | October | 104.8 |
2021 | November | 105.6 |
2021 | December | 105.8 |
2022 | January | 109.9 |
2022 | February | 111.7 |
2022 | March | 116.2 |
2022 | April | 120.6 |
2022 | May | 121.8 |
2022 | June | 123.8 |
2022 | July | 125 |
2022 | August | 123.7 |
2022 | September | 122.7 |
2022 | October | 123.9 |
2022 | November | 121.9 |
2022 | December | 119.9 |
2023 | January | 122.2 |
2023 | February | 121.5 |
2023 | March | 120.8 |
2023 | April | 120.9 |
2023 | May | 119.6 |
2023 | June | 119.2 |
2023 | July | 118.6 |
2023 | August | 119.7 |
2023 | September | 120.8 |
2023 | October | 119.9 |
2023 | November | 118.8 |
2023 | December | 117.6 |
2024 | January | 118.6 |
2024 | February | 119.4 |
2024 | March | 119.9 |
2024 | April | 120.8 |
2024 | May | 119.9 |
2024 | June | 119.9 |
2024 | July | 119.7 |
2024 | August | 119.1 |
2024 | September | 118.3 |
2024 | October | 118.5 |
2024 | November | 118.8 |
2024 | December | 119 |
Sources
- StatLine - Producer Price Index; output prices by economic activity
- StatLine - Producer Price Index (PPI); output and importprices by product
Related items
- Dossier - Business cycle