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Smaller decrease in crude oil price
Output prices are strongly affected by crude oil price developments. In April 2023, a barrel of North Sea Brent oil cost over 76 euros, 22 percent less than one year previously. In March, the average price of a barrel stood at nearly 74 euros, i.e. 27 percent less than in the same month last year.
Prices of petroleum derivatives were down by 21.3 percent year on year in April; they were up by 21.2 percent in March. In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 13.4 percent lower than in April 2022. In March, they were down by 4.6 percent year on year.
In April, prices were up in most manufacturing industries.
|Rubber and plastic||3.4|
|*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry|
Manufacturing output prices fell in April
Relative to March, manufacturing output prices fell by 0.1 percent in April. Prices increased by 0.5 percent on the export market, but decreased by 0.9 percent on the domestic market.
Source of original article: Statistics Netherlands (CBS) (www.cbs.nl).
The content of this article does not necessarily reflect the views or opinion of Global Diaspora News (www.GlobalDiasporaNews.com).
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