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 3, 2024
| Country | Indicator | Actual | Previous | Consensus | Forecast | Insight |
|---|---|---|---|---|---|---|
United Kingdom
|
BRC Retail Sales Monitor YoY (November) | -3.4% | 0.3% | 0.7% | 0.5% | A significant decline in retail sales reflects weakening consumer spending, potentially pressuring retail businesses' cash flow and repayment ability. |
|
United Kingdom
|
30-Year Treasury Gilt Auction | 4.747% | 4.735% | NA | NA | The slight increase in yield indicates rising borrowing costs for the UK government, which could lead to tighter fiscal conditions impacting public sector contractors. |
Australia
|
Current Account (Q3) | A$-14.1B | A$-16.4B | A$-10B | A$-9.6B | The wider-than-expected deficit suggests challenges in net exports, potentially impacting trade-dependent industries' liquidity. |
|
Australia
|
Net Exports Contribution to GDP (Q3) | 0.1% | 0.2% | 0.4% | 0.4% | A smaller contribution to GDP growth highlights weaker export performance, which could slow recovery in trade-sensitive sectors. |
|
Australia
|
Ai Group Industry Index (November) | -10.8 | -28.8 | NA | -21.3 | While still negative, the improvement suggests some stabilization in industrial activity, offering mild optimism for related credit conditions. |
|
Australia
|
Judo Bank Composite PMI Final (November) | 50.2 | 50.2 | NA | 49.4 | A reading above 50 signals stability in economic activity, providing a neutral outlook for trade credit. |
Japan
|
10-Year JGB Auction | 1.084% | 1% | NA | NA | The rising yield reflects tightening monetary conditions, potentially increasing borrowing costs for Japanese businesses. |
Saudi Arabia
|
Riyad Bank PMI (November) | 59.0 | 56.9 | NA | 56.7 | Strong PMI growth indicates robust economic activity, supporting a positive outlook for credit reliability in Saudi Arabia. |
Turkey
|
Inflation Rate MoM (November) | 2.24% | 2.88% | 1.91% | 2.0% | Moderating inflation suggests easing cost pressures, though rates remain elevated, keeping pressure on purchasing power and repayment capacity. |
|
Turkey
|
Inflation Rate YoY (November) | 47.09% | 48.58% | 46.6% | 46.8% | Persistently high inflation poses risks to business profitability and trade credit reliability. |
Euro Area
|
Unemployment Change (Spain, November) | -16K | 26.8K | 29.3K | 25.0K | The decline in unemployment indicates an improving labor market, supporting better repayment capacity for Spanish businesses and households. |
|
Euro Area
|
Tourist Arrivals YoY (Spain, October) | 9.5% | 9.1% | NA | 10.0% | The steady growth in tourist arrivals signals recovery in the tourism sector, improving cash flow for related businesses. |
Brazil
|
GDP Growth Rate QoQ (Q3) | 0.9% | 1.4% | 0.9% | 0.9% | Slower quarterly growth reflects some economic deceleration, though steady growth supports a stable trade credit environment. |
|
Brazil
|
GDP Growth Rate YoY (Q3) | 4.0% | 3.3% | 3.9% | 3.1% | Strong year-over-year growth highlights resilience, positively impacting creditor confidence. |
United States
|
JOLTs Job Openings (October) | 7.744M | 7.372M | 7.48M | 7.38M | The increase in job openings indicates a strong labor market, supporting household spending and retail trade credit. |
|
United States
|
Total Vehicle Sales (November) | 16.5M | 16M | 16M | NA | Rising vehicle sales reflect strong consumer demand, benefiting the auto industry and associated credit conditions. |
South Korea
|
Foreign Exchange Reserves (November) | $415.39B | $415.7B | NA | $417.0B | Stable foreign exchange reserves suggest financial stability, supporting trade and investment confidence. |
Mexico
|
Unemployment Rate (October) | 2.5% | 2.9% | 2.9% | 2.9% | The decline in unemployment reflects a strong labor market, improving repayment capacity for Mexican households and businesses. |
|
Mexico
|
Gross Fixed Investment YoY (September) | -3.3% | 0.5% | 0% | 0.5% | The decline in fixed investment highlights slowing business expansion, potentially impacting credit demand and investment-related sectors. |
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