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Netherlands' manufacturing output prices drop 1.2% in December 2023

03 Feb '24

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Dutch manufacturing output prices decreased by 1.2 per cent in December 2023, as per Statistics Netherlands (CBS).
Export market prices decreased more sharply by 1.5 per cent, while domestic market prices dropped by 0.9 per cent.
Year-on-year, December's output prices were 3.1 per cent lower, compared to a 4.2 per cent decrease in November.

Dutch manufacturing output prices declined in December 2023, according to Statistics Netherlands (CBS). Compared to November, output prices fell by 1.2 per cent, with a more pronounced decrease observed in the export market, where prices dropped by 1.5 per cent. Domestic market prices experienced a smaller decline, falling by 0.9 per cent.

The data for December 2023 shows that the output prices of Dutch-manufactured products were on average 3.1 per cent lower than in the same month of the previous year. This decline is somewhat less steep compared to November, when there was a 4.2 per cent year-on-year drop in output prices.

A significant factor influencing output prices were the development of crude oil prices, which have a considerable impact on the costs of manufacturing, as per CBS.

Fibre2Fashion News Desk (DP)

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