Dutch manufacturing output prices down 0.1% YoY in November 2024

Prices on the export market rose by 0.2 per cent, on the domestic market by 0.4 per cent. Output prices are generally strongly influenced by the price of crude oil. In November, the average price of a barrel of North Sea Brent crude stood at over €69 (~$71.42), which was over 9 per cent lower than in November 2023. The price of crude in October was also €69, nearly 18 per cent less than in October 2023, said Statistics Netherlands (CBS) in a press release.

Prices for petroleum derivatives were down by 14.9 per cent year-over-year (YoY) in November, while in October they were down by 21.2 per cent. In the chemical sector too, output prices tend to track the price of crude oil. Output prices for chemical products were 1.3 per cent lower in November 2024 than they were in November 2023. In October, they were down by 3.1 per cent YoY.

In October, the manufacturing output prices decreased by 1.3 per cent YoY.

ALCHEMPro News Desk (SG)