The survey's leading institutions in Europe, Eurostat, on this day (2 / 12) announced that the Producer Price Index (PPI) member countries of Europe experienced a decline in the month of October. PPI in October experienced a decrease of 0.8%, or the largest decrease since 1990. In addition, the decline in PPI of 0.8% exceeds the estimate, the economists estimate that the PPI would fall only 0.3%.

The decline in October PPI is the impact of the decrease in the price of crude oil in October shows the trend has been weakened to the level of 60 dollars / barrel. The condition is reflected in the decrease in the PPI energy prices fell 2%. While the PPI for goods half finished in October decreased by 1%.

PPI is estimated to be still weakening will continue in the next months until the end of this year. Vibiz Division of Research in Vibiz Consulting estimates that the PPI will still show a weaker oil price, the line will still be at the low level of demand and declining manufacturing sector output.

Movements in the euro against the dollar this evening to strengthening still be thin. Euro is currently in the position of 1.2715 dollars. We estimate that the movement of the euro is still quite vulnerable, given the market still tend to be volatile