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 December 2, 2024
| Country | Indicator | Actual | Previous | Consensus | Forecast | Insight |
|---|---|---|---|---|---|---|
Australia
|
TD-MI Inflation Gauge MoM (November) | 0.2% | 0.3% | NA | 0.2% | The slight decline in inflation gauge suggests easing cost pressures, which could support consumer purchasing power and stabilize trade credit risks. |
|
Australia
|
Building Permits MoM Preliminary (October) | 4.2% | 4.4% | 2.1% | 1.8% | Higher-than-expected growth in building permits indicates improving construction activity, potentially boosting demand for trade credit in related sectors. |
|
Australia
|
Company Gross Profits QoQ (Q3) | -4.6% | -6.8% | 0.8% | 0.5% | A significant contraction in profits highlights financial stress in businesses, which could lead to delayed payments and heightened credit risk. |
|
Australia
|
Retail Sales MoM (October) | 0.6% | 0.1% | 0.3% | 0.2% | Stronger-than-expected retail sales reflect robust consumer spending, supporting revenue streams for retail businesses. |
|
Australia
|
ANZ-Indeed Job Ads MoM (November) | -1.3% | 0.7% | NA | 0.2% | The decline in job ads signals weakening labor market conditions, which could affect consumer confidence and creditworthiness. |
|
Australia
|
Private House Approvals MoM Preliminary (October) | -5.2% | 2.2% | NA | 1.2% | The sharp drop in private house approvals suggests weakening residential construction activity, posing risks for suppliers and builders reliant on trade credit. |
Japan
|
Jibun Bank Manufacturing PMI Final (November) | 49.0 | 49.2 | 49.0 | 49.0 | The continued contraction in manufacturing highlights challenges in industrial production, potentially impacting supplier payments and trade credit conditions. |
South Korea
|
S&P Global Manufacturing PMI (November) | 50.6 | 48.3 | NA | 49 | The return to expansion territory indicates improved conditions in the manufacturing sector, boosting confidence for trade credit managers. |
China
|
Caixin Manufacturing PMI (November) | 51.5 | 50.3 | 50.5 | 50.7 | The stronger-than-expected expansion in manufacturing reflects robust demand, which is a positive sign for exporters and trade credit relationships. |
Indonesia
|
Inflation Rate YoY (November) | 1.55% | 1.71% | 1.5% | 1.6% | Declining inflation suggests a stable cost environment, supporting consumer spending and easing pressure on businesses. |
|
Indonesia
|
Tourist Arrivals YoY (October) | 22.01% | 19.53% | NA | 20.0% | Rising tourist arrivals indicate recovery in the tourism sector, which could enhance liquidity for businesses reliant on tourism. |
India
|
HSBC Manufacturing PMI Final (November) | 56.5 | 57.5 | 57.3 | 57.6 | A slight slowdown in manufacturing activity, though still robust, supports a positive credit environment for industrial businesses. |
United Kingdom
|
Nationwide Housing Prices MoM (November) | 1.2% | 0.1% | 0.2% | 0.2% | A significant rise in housing prices reflects improving market sentiment, which may support credit demand for real estate transactions. |
|
United Kingdom
|
Nationwide Housing Prices YoY (November) | 3.7% | 2.4% | 2.4% | 2.3% | Strong annual growth in housing prices suggests resilient demand, benefiting housing-related credit markets. |
Euro Area
|
HCOB Manufacturing PMI Final (November) | 45.2 | 46 | 45.2 | 45.2 | A persistent contraction in manufacturing activity across the Eurozone highlights ongoing challenges, potentially increasing credit risk in industrial sectors. |
United States
|
ISM Manufacturing PMI (November) | 48.4 | 46.5 | 47.5 | 47.2 | The PMI remains in contraction territory but shows improvement, suggesting some stabilization in manufacturing. However, credit risks for suppliers remain elevated. |
|
United States
|
ISM Manufacturing New Orders (November) | 50.4 | 47.1 | NA | 47.6 | A return to expansion in new orders signals improving demand, which could positively impact trade credit in the manufacturing supply chain. |
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