Polish October PPI likely increased

The downward pressure on the commodities and global oil markets is still active; hence, the Polish PPI is expected to remain below zero until end-2015. The production growth of the economy rose to 7.0% yoy in October against -4.0% yoy in September. 

"We expect the PPI to come in at -2.4% yoy in October, up from -2.9% in September. Meanwhile, we are looking for a mom increase of 0.1%, mainly due to growth in manufacturing prices (up 0.2% mom)", estimates Societe Generale.