Textile

Jul Dutch manufacturing output prices 0.9% higher YoY, 0.3% lower MoM

01 Sep '24
1 min read
Jul Dutch manufacturing output prices 0.9% higher YoY, 0.3% lower MoM
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Insights

Manufacturing output prices in the Netherlands were 0.9 per cent higher year on year (YoY) on an average in July this year, according to Statistics Netherlands (CBS). The increase was 0.7 per cent YoY in June.

Such prices fell by 0.3 per cent month on month (MoM) in July. Prices on the domestic market remained the same, while on the export market, these fell by 0.5 per cent.

Output prices are generally strongly influenced by the price of crude oil. In July, the average price of a barrel of crude stood at over €77, almost 7 per cent higher YoY. In June, a barrel of North Sea Brent crude cost also over €77, more than 11 per cent higher YoY, a CBS release said.

Prices for petroleum derivatives were down by 4 per cent YoY in July, while in June they were up by 0.3 per cent YoY.

Dutch output prices for chemical products were 1.6 per cent higher YoY in July and down by 1.2 per cent YoY in June.

Fibre2Fashion News Desk (DS)
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