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 5, 2024
| Country | Indicator | Actual | Previous | Consensus | Forecast | Insight |
|---|---|---|---|---|---|---|
Australia
|
Balance of Trade (October) | A$5.953B | A$4.532B | A$4.55B | A$5.5B | A stronger-than-expected trade surplus indicates robust export performance and controlled import growth, improving liquidity for trade-dependent sectors. |
|
Australia
|
Exports MoM (October) | 3.6% | -4.7% | NA | NA | Export growth reflects recovering demand for Australian goods, enhancing revenue for export-driven industries. |
|
Australia
|
Imports MoM (October) | 0.1% | -2.8% | NA | NA | Flat import growth suggests stable domestic demand, which supports business activity but limits new trade risks. |
Japan
|
30-Year JGB Auction | 2.287% | 2.271% | NA | NA | A slight rise in yields indicates increasing borrowing costs, potentially affecting long-term debt sustainability. |
|
Japan
|
Household Spending MoM (October) | 2.9% | -1.3% | 0.4% | 0.5% | A sharp recovery in household spending signals renewed consumer confidence, supporting retail and service industries. |
|
Japan
|
Household Spending YoY (October) | -1.3% | -1.1% | -2.6% | -2.4% | Although still contracting, the YoY spending data outperformed expectations, hinting at a slow consumer recovery. |
Singapore
|
6-Month T-Bill Auction | 3.0% | 3.08% | NA | NA | Lower yields suggest easing funding costs for businesses, positively influencing liquidity. |
|
Singapore
|
Retail Sales MoM (October) | 0.1% | 0.4% | NA | 0.5% | Sluggish retail activity may indicate consumer caution, impacting cash flow for retail businesses. |
|
Singapore
|
Retail Sales YoY (October) | 2.2% | 1.9% | NA | 0.8% | A higher-than-expected annual increase reflects stronger consumer spending, supporting trade credit in retail sectors. |
Germany
|
Factory Orders MoM (October) | -1.5% | 7.2% | -2% | -2.1% | Declining factory orders after strong growth reflects volatility in demand, increasing caution for creditors. |
France
|
Industrial Production MoM (October) | -0.1% | -0.8% | 0.3% | 0.2% | A modest decline in production indicates stable industrial activity but limits upside for manufacturing sectors. |
|
France
|
HCOB Construction PMI (November) | 43.7 | 42.2 | NA | 43 | Ongoing contraction in construction highlights challenges for credit risk in the sector. |
Euro Area
|
Retail Sales MoM (October) | -0.5% | 0.5% | -0.3% | -0.4% | A decline in retail sales signals weakening consumer demand, which could affect repayment cycles for retailers. |
|
Euro Area
|
Retail Sales YoY (October) | 1.9% | 3% | 1.7% | 2.5% | Annual growth is slowing, indicating persistent economic headwinds impacting consumer confidence. |
United States
|
Balance of Trade (October) | $-73.8B | $-83.8B | $-75B | $-83B | A narrowing trade deficit suggests stronger exports or reduced import pressures, improving overall trade dynamics. |
|
United States
|
Initial Jobless Claims (November 30) | 224K | 213K | 215K | 214K | Rising claims may signal softening labor market conditions, which could dampen consumer spending and loan repayments. |
|
United States
|
Continuing Jobless Claims (November 23) | 1871K | 1896K | 1910K | 1905K | A slight decline in continuing claims reflects stability in employment, which could support economic activity. |
Canada
|
Balance of Trade (October) | C$-0.92B | C$-1.3B | C$-0.8B | C$-0.7B | A smaller deficit supports economic resilience, positively impacting trade-dependent industries. |
Brazil
|
Balance of Trade (November) | $7.03B | $4.34B | $7.80B | $7.5B | A strong surplus reflects robust export activity, boosting cash flow for exporters and reducing credit risk. |
Turkey
|
Foreign Exchange Reserves (November 29) | $92.82B | $90.74B | NA | NA | Rising reserves strengthen Turkey's ability to stabilize its currency and manage trade credit risks. |
South Korea
|
Current Account (October) | $9.78B | $10.94B | NA | $12.0B | A smaller current account surplus suggests weaker net trade flows, potentially affecting export-reliant businesses. |
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