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 4, 2024
| Country | Indicator | Actual | Previous | Consensus | Forecast | Insight |
|---|---|---|---|---|---|---|
Australia
|
GDP Growth Rate QoQ (Q3) | 0.3% | 0.2% | 0.4% | 0.4% | Below-consensus growth suggests modest economic recovery, with potential pressure on trade-exposed industries relying on credit. |
|
Australia
|
GDP Growth Rate YoY (Q3) | 0.8% | 1% | 1.1% | 0.9% | Weaker-than-expected annual growth signals economic challenges that may influence business liquidity and repayment reliability. |
|
Australia
|
GDP Final Consumption QoQ (Q3) | 0.4% | 0.2% | NA | NA | Consumption recovery reflects stabilizing household spending, supporting retail businesses and trade credit conditions. |
Japan
|
Jibun Bank Services PMI Final (November) | 50.5 | 49.7 | 50.2 | 50.2 | A PMI above 50 indicates mild expansion in the services sector, supporting optimism for service-based trade credit. |
|
Japan
|
Jibun Bank Composite PMI Final (November) | 50.1 | 49.6 | NA | 49.8 | Economic stabilization signals improving credit conditions across sectors. |
China
|
Caixin Services PMI (November) | 51.5 | 52.0 | 52.5 | 51.8 | Although growth is slower than expected, the services sector remains in expansion, reflecting steady demand. |
|
China
|
Caixin Composite PMI (November) | 52.3 | 51.9 | NA | 51.4 | The stronger composite PMI points to a balanced recovery in manufacturing and services, positively impacting trade relationships. |
Turkey
|
Balance of Trade Preliminary (November) | $-7.36B | $-5.91B | $-5.75B | NA | A widening trade deficit indicates rising import costs or weaker exports, challenging liquidity for exporters. |
|
Turkey
|
Exports Preliminary (November) | $22.29B | $23.50B | NA | NA | The decline in exports may reflect weaker global demand, increasing credit risk for export-reliant industries. |
India
|
HSBC Composite PMI Final (November) | 58.6 | 59.1 | NA | 59.5 | Strong PMI reflects healthy economic activity, boosting confidence in credit reliability. |
|
India
|
HSBC Services PMI Final (November) | 58.4 | 58.5 | 59.5 | 59.2 | Robust service sector growth supports business cash flow, reducing trade credit risks. |
Russia
|
S&P Global Composite PMI (November) | 52.6 | 50.9 | NA | 51.1 | Improved PMI indicates stronger economic performance, bolstering creditor confidence. |
|
Russia
|
S&P Global Services PMI (November) | 53.2 | 51.6 | NA | 51.5 | Growth in the services sector enhances repayment reliability for service-oriented businesses. |
United Kingdom
|
S&P Global Services PMI Final (November) | 50.8 | 52.0 | 50 | 50 | Slight expansion in services suggests cautious optimism for trade credit in the sector. |
|
United Kingdom
|
7-Year Treasury Gilt Auction | 4.155% | 3.988% | NA | NA | Rising gilt yields indicate increased borrowing costs, potentially impacting public sector credit conditions. |
Euro Area
|
HCOB Composite PMI Final (November) | 48.3 | 50 | 48.1 | 48.1 | Continued contraction in composite PMI signals economic challenges, increasing credit risk for Eurozone businesses. |
|
Euro Area
|
PPI MoM (October) | 0.4% | -0.6% | 0.4% | 0.3% | Rising producer prices could pressure business margins, impacting cash flow and creditworthiness. |
|
Euro Area
|
PPI YoY (October) | -3.2% | -3.4% | -3.3% | -3.5% | Persistently negative PPI suggests deflationary pressures, which may dampen revenue for manufacturers. |
United States
|
ISM Services PMI (November) | 52.1 | 56 | 55.5 | 56.7 | While expansion continues, slower growth reflects weakening demand, affecting service-based credit conditions. |
|
United States
|
Factory Orders MoM (October) | 0.2% | -0.2% | 0.2% | 0.3% | Modest growth in factory orders suggests stable manufacturing demand, supporting related trade credit. |
South Korea
|
GDP Growth Rate QoQ Final (Q3) | 0.1% | -0.2% | 0.5% | 0.1% | Slower-than-expected growth raises concerns about domestic demand and repayment capacities. |
|
South Korea
|
GDP Growth Rate YoY Final (Q3) | 1.5% | 2.3% | 1.5% | 1.5% | Lower annual growth underscores ongoing economic challenges, which could strain trade credit in South Korea. |
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