Output prices are generally strongly influenced by the price of crude oil. In May, the average price of a barrel of crude stood at nearly €77—over 10 per cent higher than a year earlier. In April, a barrel of North Sea Brent crude cost €83—almost 9 per cent more than a year earlier.
Dutch manufacturing output prices were 0.3 per cent lower YoY on an average in May, according to Statistics Netherlands.
In April, the price change was zero per cent YoY.
Such prices fell by 0.8 per cent in May compared to April.
Prices fell by 0.8 per cent month on month (MoM) on the export market and by 0.7 per cent MoM on the domestic market.
Prices for petroleum derivatives were up by 4 per cent YoY in May; in April they were up by 1.1 per cent YoY.
In the chemical sector too, output prices tend to track the price of crude oil. Output prices for chemical products in May were 2.8 per cent lower YoY. In April 2024, they were down by 2.7 per cent YoY, a CBS release said.
Dutch manufacturing output prices fell by 0.8 per cent in May compared to April. Prices fell by 0.8 per cent month on month (MoM) on the export market and by 0.7 per cent MoM on the domestic market.
Fibre2Fashion News Desk (DS)