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Key events are weekly CPI and PMI manufacturing

 
29.10.2012
This Wednesday, Rosstat is to release the regular weekly CPI data for 23-29 October. Then, on 1 November, we have the PMI Manufacturing for October.

The weekly data on CPI growth will add more colour on how strong the recent acceleration is. However, from the perspective of the CBR's next monetary policy decision, monthly report on CPI (due on 6-7 November) is crucial as it will show underlying inflation trend.

PMI manufacturing is to give the first signs of the sector's performance in October, which we expect not to have improved greatly but be above the 50-level, with companies' margin remaining under cost pressure. 

Maxim Oreshkin, Daria Isakova
VTB Capital analyst

Tags:
CPI, PMI, Rosstat, CBR

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