Dutch manufacturing output prices fall 0.3% YoY in November

The decline was due to lower crude oil prices. The average price of a barrel of North Sea Brent crude stood at nearly €55 (~$64.9) in November, down by more than 20 per cent from a year earlier. A similar YoY fall was recorded in October, when crude also averaged €55 per barrel, CBS said in a press release.

Prices for petroleum derivatives decreased by 1.2 per cent YoY in November, compared with a sharper 5.6 per cent decline in October. Output prices in the chemical sector, which typically track crude oil movements, were 4.3 per cent lower than in November 2024, following a 3.0 per cent annual decline in October.

On a month-on-month (MoM) basis, manufacturing output prices edged up 0.1 per cent in November. While prices on export markets remained unchanged, domestic market prices rose slightly by 0.1 per cent.

ALCHEMPro News Desk (SG)