Average Brent crude prices stood at €84 per barrel in March, up over 27 per cent from a year earlier. On a month-on-month (MoM) basis, oil prices surged more than 43 per cent, significantly influencing industrial price trends, CBS said in a press release.
Netherlands manufacturing output prices rose 1.4 per cent year on year in March 2026, ending four months of decline, driven by higher crude oil prices.
Brent crude averaged €84 per barrel, up over 27 per cent annually.
Prices increased 3.4 per cent MoM, with export prices rising faster than domestic.
Petroleum products surged, while chemical prices remained lower, though declines eased.
Petroleum derivative prices rose sharply by 31.3 per cent YoY, compared to a 9.5 per cent decline in February. Meanwhile, output prices in the chemical sector remained under pressure, falling 2.0 per cent annually, although the decline narrowed from 6.6 per cent in the previous month.
On a monthly basis, manufacturing output prices increased 3.4 per cent in March, marking the largest rise since March–April 2022, during the early phase of the Ukraine war. Export prices rose 4.2 per cent, while domestic prices increased 2.4 per cent.
CBS noted that manufacturing output prices closely follow crude oil movements, underscoring the impact of global energy markets on industrial pricing trends.
Fibre2Fashion News Desk (SG)