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.
Baker Ing Pulse | Last Updated:
Baker Ing Pulse
Updates as of November 21, 2024
| Country | Indicator | Actual | Previous | Consensus | Forecast | Implications |
|---|---|---|---|---|---|---|
Singapore
|
6-Month T-Bill Auction | 3.08% | 3.04% | N/A | N/A | Rising yields may increase borrowing costs for businesses relying on short-term financing. |
|
Singapore
|
Current Account (Q3) | S$34.14B | S$34.83B | N/A | S$32B | Slightly lower surplus could signal a slowing export recovery, potentially impacting payment timelines. |
|
Singapore
|
GDP Growth Rate QoQ Final (Q3) | 3.2% | 0.5% | 2.5% | 0.3% | Strong growth signals resilience, boosting confidence for creditors trading with Singapore. |
|
Singapore
|
GDP Growth Rate YoY Final (Q3) | 5.4% | 3.0% | 4.7% | 2.5% | Year-on-year growth reinforces Singapore’s robust position as a trade hub. |
Japan
|
Inflation Rate YoY (October) | 2.3% | 2.5% | N/A | 2.2% | Stable inflation may ease cost pressures for Japanese manufacturers, improving payment reliability. |
|
Japan
|
Jibun Bank Manufacturing PMI Flash (November) | 49.0 | 49.2 | 49.5 | 49.7 | Ongoing contraction in manufacturing highlights weak industrial activity, raising potential delays in supplier payments. |
|
Japan
|
Jibun Bank Services PMI Flash (November) | 50.2 | 49.7 | N/A | 50.1 | Expansion in services could support trade-related activities. |
|
Japan
|
Jibun Bank Composite PMI Flash (November) | 49.8 | 49.6 | N/A | 49.9 | A mixed performance signals uneven economic recovery across sectors. |
Turkey
|
Consumer Confidence (November) | 79.8 | 80.6 | N/A | 81.2 | Weak consumer sentiment may dampen domestic demand, affecting payment flows for imported goods. |
|
Turkey
|
Foreign Exchange Reserves (November 15) | $94.09B | $92.12B | N/A | N/A | Stable reserves provide a buffer against currency fluctuations, indirectly supporting trade payments. |
|
Turkey
|
Interest Rate Decision | 50% | 50% | 50% | 50% | Extremely high rates reflect a challenging environment for Turkish businesses, potentially increasing trade credit risk. |
United Kingdom
|
CBI Industrial Trends Orders (November) | -19 | -27 | -25 | -23 | Improvement in orders suggests easing pressure on UK manufacturers, but overall demand remains weak. |
|
United Kingdom
|
Public Sector Net Borrowing (October) | £-17.4B | £-16.1B | N/A | £-15.9B | Higher government borrowing could lead to tighter fiscal policies, affecting public sector suppliers. |
Euro Area
|
Consumer Confidence Flash (November) | -13.7 | -12.5 | -12.4 | -12.3 | Declining consumer confidence may lead to reduced demand for imports, impacting payment cycles. |
South Africa
|
Building Permits YoY (September) | 19.4% | -1.5% | N/A | 3.8% | A significant recovery in construction permits could improve trade creditworthiness in the sector. |
|
South Africa
|
Interest Rate Decision | 7.75% | 8.0% | 7.75% | 7.75% | A rate reduction eases borrowing costs, potentially improving liquidity for South African businesses. |
Mexico
|
Retail Sales YoY (September) | -1.5% | -0.8% | -1.2% | -1.0% | Weak retail performance may slow demand for imports, increasing payment risks for exporters to Mexico. |
Brazil
|
Federal Tax Revenues (October) | BRL 247.920B | BRL 203.17B | N/A | BRL 204.0B | Strong revenue collection reflects fiscal stability, but trade credit implications are limited. |
Australia
|
Judo Bank Manufacturing PMI Flash (November) | 49.4 | 47.3 | N/A | 48.0 | Contraction in manufacturing suggests weaker industrial demand, raising risks for trade credit managers. |
Canada
|
PPI YoY (October) | 1.1% | -1.0% | N/A | 0.1% | Rising producer prices may strain margins for Canadian manufacturers, potentially delaying payments. |
|
Canada
|
Raw Materials Prices MoM (October) | 3.8% | -3.1% | -1.5% | -0.8% | Increased input costs could impact cash flow for Canadian businesses reliant on raw materials. |
United States
|
Philadelphia Fed Manufacturing Index (November) | -5.5 | 10.3 | 8.0 | 11.0 | Declining industrial activity may signal delayed payments in manufacturing-related supply chains. |
|
United States
|
Existing Home Sales MoM (October) | 3.4% | -1.3% | N/A | 0.8% | A recovery in housing could temporarily boost construction-related trade. |
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