Baker Ing Pulse

Welcome to the Baker Ing Pulse, your snapshot of global economic movements. We bring you the latest data on key indicators from across the globe, alongside succinct analysis to help you understand the trends shaping the financial landscape. Whether you’re navigating supply chain challenges, evaluating market opportunities, or managing receivables, the Baker Ing Pulse is here to keep you informed and ahead.

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        Baker Ing Pulse

        Updates as of November 19, 2024
    
                Country
                Indicator
                Actual
                Previous
                Consensus
                Forecast
                Analysis
            
                            Jordan
                        
                    Industrial Production YoY (SEP)
                    ▲ 3.41%
                    1.31%
                    —
                    3.1%
                    Increased industrial production reflects strong growth potential, beneficial for trade credit managers monitoring regional opportunities.
                
                            Malaysia
                        
                    Balance of Trade (OCT)
                    ▼ MYR12.00B
                    MYR12.77B (revised)
                    MYR9.6B
                    MYR9.0B
                    Surplus indicates liquidity and capacity to meet payment obligations.
                
                            Malaysia
                        
                    Exports YoY (OCT)
                    ▲ 1.6%
                    -0.6% (revised)
                    1.7%
                    —
                    Export recovery highlights improved economic conditions and external demand.
                
                            Malaysia
                        
                    Imports YoY (OCT)
                    ▼ 2.6%
                    10.9%
                    5%
                    —
                    Slower import growth reflects moderated domestic demand, suggesting cautious consumer behaviour. This trend may also indicate efforts to preserve liquidity, a key consideration for businesses reliant on credit-intensive imports.
                
                            Norway
                        
                    Consumer Confidence (Q4)
                    ▲ -14.40
                    -15.2 (revised)
                    —
                    -18
                    Slight improvement suggests cautious optimism despite ongoing economic headwinds.
                
                            Switzerland
                        
                    Balance of Trade (OCT)
                    ▲ CHF6B
                    CHF4B (revised)
                    CHF4.1B
                    —
                    Switzerland's growing trade surplus reinforces strong export performance.
                
                            Euro Area
                        
                    Current Account (SEP)
                    ▲ €51.5B
                    €38.8B (revised)
                    —
                    €33B
                    A robust current account surplus underscores trade stability across the Eurozone.
                
                            Euro Area
                        
                    Core Inflation Rate YoY Final (OCT)
                    — 2.7%
                    2.7%
                    2.7%
                    2.7%
                    Stable core inflation suggests manageable price pressures, key for economic predictability.
                
                            Euro Area
                        
                    Labour Cost Index YoY Flash (Q3)
                    ▼ 4.6%
                    5% (revised)
                    —
                    4.0%
                    Declining labour costs may reduce input pressures for businesses, offering short-term relief. However, this trend could also dampen purchasing power and domestic demand, presenting risks for businesses reliant on internal market stability.
                
                            Austria
                        
                    Inflation Rate YoY Final (OCT)
                    — 1.8%
                    1.81%
                    1.8%
                    1.8%
                    Stable inflation supports steady operational costs.
                
                            Canada
                        
                    Inflation Rate YoY (OCT)
                    ▲ 2%
                    1.6%
                    1.9%
                    1.9%
                    Rising inflation signals manageable cost increases but could have downstream effects on credit terms, particularly in industries reliant on Canadian exports. Trade credit managers should monitor these pressures for potential impacts on payment behaviours.
                
                            Canada
                        
                    Core Inflation Rate YoY (OCT)
                    ▲ 1.7%
                    1.6%
                    —
                    1.6%
                    Stable core inflation supports economic predictability.
                
                            South Korea
                        
                    Harmonised Inflation Rate YoY (OCT)
                    ▲ 3.5%
                    2.9%
                    3.5%
                    3.5%
                    Increasing inflation reflects higher operational costs in the region.
                
                            Angola
                        
                    Interest Rate Decision
                    — 19.5%
                    19.5%
                    —
                    19.5%
                    Persistently high rates indicate credit risk and tight liquidity in the market.
                
                            New Zealand
                        
                    Global Dairy Trade Price Index (NOV 19)
                    ▼ 1.9%
                    4.8%
                    —
                    —
                    Decline in dairy prices reduces pressure on agricultural exporters but reflects subdued demand.
                
                            Azerbaijan
                        
                    GDP YoY (OCT)
                    ▲ 4.9%
                    4.7%
                    —
                    4.2%
                    Strong economic growth signals an improving trading environment.
                
                        G20 Summit

                        The G20 Summit holds potential for significant global trade developments, including tariff adjustments, policy changes, and discussions on global monetary coordination. Credit managers should stay vigilant to anticipate shifts in trade policies or economic conditions.
                    
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Country	Indicator	Actual	Previous	Consensus	Forecast	Analysis
Jordan	Industrial Production YoY (SEP)	▲ 3.41%	1.31%	—	3.1%	Increased industrial production reflects strong growth potential, beneficial for trade credit managers monitoring regional opportunities.
Malaysia	Balance of Trade (OCT)	▼ MYR12.00B	MYR12.77B (revised)	MYR9.6B	MYR9.0B	Surplus indicates liquidity and capacity to meet payment obligations.
Malaysia	Exports YoY (OCT)	▲ 1.6%	-0.6% (revised)	1.7%	—	Export recovery highlights improved economic conditions and external demand.
Malaysia	Imports YoY (OCT)	▼ 2.6%	10.9%	5%	—	Slower import growth reflects moderated domestic demand, suggesting cautious consumer behaviour. This trend may also indicate efforts to preserve liquidity, a key consideration for businesses reliant on credit-intensive imports.
Norway	Consumer Confidence (Q4)	▲ -14.40	-15.2 (revised)	—	-18	Slight improvement suggests cautious optimism despite ongoing economic headwinds.
Switzerland	Balance of Trade (OCT)	▲ CHF6B	CHF4B (revised)	CHF4.1B	—	Switzerland's growing trade surplus reinforces strong export performance.
Euro Area	Current Account (SEP)	▲ €51.5B	€38.8B (revised)	—	€33B	A robust current account surplus underscores trade stability across the Eurozone.
Euro Area	Core Inflation Rate YoY Final (OCT)	— 2.7%	2.7%	2.7%	2.7%	Stable core inflation suggests manageable price pressures, key for economic predictability.
Euro Area	Labour Cost Index YoY Flash (Q3)	▼ 4.6%	5% (revised)	—	4.0%	Declining labour costs may reduce input pressures for businesses, offering short-term relief. However, this trend could also dampen purchasing power and domestic demand, presenting risks for businesses reliant on internal market stability.
Austria	Inflation Rate YoY Final (OCT)	— 1.8%	1.81%	1.8%	1.8%	Stable inflation supports steady operational costs.
Canada	Inflation Rate YoY (OCT)	▲ 2%	1.6%	1.9%	1.9%	Rising inflation signals manageable cost increases but could have downstream effects on credit terms, particularly in industries reliant on Canadian exports. Trade credit managers should monitor these pressures for potential impacts on payment behaviours.
Canada	Core Inflation Rate YoY (OCT)	▲ 1.7%	1.6%	—	1.6%	Stable core inflation supports economic predictability.
South Korea	Harmonised Inflation Rate YoY (OCT)	▲ 3.5%	2.9%	3.5%	3.5%	Increasing inflation reflects higher operational costs in the region.
Angola	Interest Rate Decision	— 19.5%	19.5%	—	19.5%	Persistently high rates indicate credit risk and tight liquidity in the market.
New Zealand	Global Dairy Trade Price Index (NOV 19)	▼ 1.9%	4.8%	—	—	Decline in dairy prices reduces pressure on agricultural exporters but reflects subdued demand.
Azerbaijan	GDP YoY (OCT)	▲ 4.9%	4.7%	—	4.2%	Strong economic growth signals an improving trading environment.
G20 Summit The G20 Summit holds potential for significant global trade developments, including tariff adjustments, policy changes, and discussions on global monetary coordination. Credit managers should stay vigilant to anticipate shifts in trade policies or economic conditions.