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 22, 2024
| Country | Indicator | Actual | Previous | Consensus | Forecast | Implications |
|---|---|---|---|---|---|---|
India
|
HSBC Composite PMI Flash (November) | 59.5 | 59.1 | N/A | 59.4 | A strong composite PMI reflects sustained growth across sectors, signalling robust trade activity and timely payments. |
|
India
|
HSBC Manufacturing PMI Flash (November) | 57.3 | 57.5 | N/A | 57.6 | Stable manufacturing growth enhances trade confidence with Indian manufacturers. |
|
India
|
HSBC Services PMI Flash (November) | 59.2 | 58.5 | N/A | 58.1 | Strong service sector expansion supports economic resilience, improving trade payment reliability. |
|
India
|
Foreign Exchange Reserves (November 15) | $657.89B | $675.65B | N/A | N/A | A dip in reserves signals potential currency fluctuations, which may impact cross-border trade settlements. |
Germany
|
GDP Growth Rate QoQ Final (Q3) | 0.1% | -0.3% | 0.2% | 0.2% | Slight recovery in GDP growth indicates gradual stabilisation, supporting payment flows to German exporters. |
|
Germany
|
GDP Growth Rate YoY Final (Q3) | -0.3% | -0.3% | -0.2% | -0.2% | Negative growth raises concerns for trade managers dealing with German firms, suggesting cautious credit management. |
|
Germany
|
HCOB Manufacturing PMI Flash (November) | 43.2 | 43.0 | 43.0 | 43.5 | Persistent contraction in manufacturing indicates continued challenges for suppliers and delayed payments. |
United Kingdom
|
Retail Sales MoM (October) | -0.7% | 0.1% | -0.3% | -0.3% | Declining retail activity reflects weak consumer demand, potentially impacting imports and supplier payment timelines. |
|
United Kingdom
|
S&P Global Services PMI Flash (November) | 50.0 | 52.0 | 52.0 | 52.2 | Slowing service sector activity may strain UK businesses’ ability to meet trade credit obligations. |
Mexico
|
GDP Growth Rate QoQ Final (Q3) | 1.1% | 0.2% | 1.0% | 1.0% | Positive growth signals stability for Mexican businesses, improving creditworthiness. |
|
Mexico
|
GDP Growth Rate YoY Final (Q3) | 1.6% | 2.1% | 1.5% | 1.5% | Slower annual growth raises concerns for sustained trade demand and payment timelines. |
|
Mexico
|
Mid-month Core Inflation Rate YoY (November) | 3.58% | 3.87% | 3.72% | 3.76% | Easing inflation reduces cost pressures, improving liquidity for Mexican firms trading internationally. |
France
|
HCOB Composite PMI Flash (November) | 44.8 | 48.1 | 48.3 | 48.2 | A sharp decline signals economic contraction, raising trade payment risks. |
|
France
|
HCOB Services PMI Flash (November) | 45.7 | 49.2 | 49.0 | 49.2 | Contraction in services points to challenges in domestic demand, potentially affecting import payments. |
United States
|
S&P Global Composite PMI Flash (November) | 55.3 | 54.1 | N/A | 54.3 | Strong growth in the composite PMI highlights resilience in the U.S. economy, supporting robust payment behaviour. |
|
United States
|
S&P Global Services PMI Flash (November) | 57.0 | 55.0 | 55.2 | 55.1 | Expansion in services improves the outlook for trade-related activities. |
|
United States
|
Michigan Consumer Sentiment Final (November) | 71.8 | 70.5 | 73.7 | 73.0 | Improved sentiment supports domestic demand, indirectly benefiting global suppliers. |
Canada
|
Retail Sales Ex Autos MoM (September) | 0.9% | -0.8% | 0.5% | -0.2% | Recovery in retail sales excluding autos suggests improved consumer activity, enhancing payment flows. |
|
Canada
|
New Housing Price Index YoY (October) | -0.2% | 0.2% | N/A | 0.3% | A decline in housing prices may affect the construction sector's liquidity. |
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