Key Macro Indicators · Latest Available Data
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Manufacturing & Services PMI · Latest Reading
Manufacturing PMI
United States
50.3
Marginal Growth
Services PMI
United States
53.5
Expanding
Manufacturing PMI
Euro Area
48.7
Contracting
Services PMI
Euro Area
50.6
Marginal Growth
Manufacturing PMI
United Kingdom
44.9
Contracting
Manufacturing PMI
China
51.1
Marginal Growth
Manufacturing PMI
Japan
49.2
Contracting
Composite PMI
MENA Region
52.8
Expanding
Government Bond Yield Curves
US Treasury Curve
Normal / Steepening
Eurozone (German Bund)
Flat / Normalising
PMI & Activity Indicators
📊
Extended PMI historical charts — Coming soon
Will show 24-month PMI trend for each major economy via Chart.js
Central Bank Rate Cycle Tracker
Current Cycle Position
Fed
US
4.25–4.50%
Entered cutting cycle Sep 2024. 3 cuts to date. Next decision: Apr 30
↓ Pausing
ECB
EU
2.50%
Reduced by 25bp in March 2026. Further cuts expected H1 2026
↓ Cutting
BoE
UK
4.50%
Cut in Feb 2026. Watching sticky services inflation. Gradual pace
↓ Cautious
BoJ
JP
0.50%
Raised Jan 2025. Slow normalization after decades at zero
↑ Hiking
SNB
CH
0.25%
Aggressive cutter. Near zero bound. Limited further room
↓ Cut deeply
PBoC
CN
3.10%
Cutting to support weak domestic demand and property sector
↓ Easing
Credit Conditions & Debt Metrics
US Corp Credit Spreads
Investment Grade
+95 bps
↑ +8 bps
Widening modestly on growth uncertainty. Still near historical lows.
EU Corp Credit Spreads
Investment Grade
+82 bps
↑ +6 bps
ECB backstop keeping spreads compressed. HY more volatile.
US HY Spreads
High Yield
+345 bps
↑ +28 bps
Rising on default concerns in leveraged sectors. Watch energy.
Eurozone M3 Growth
Money Supply
+3.2%
↑ YoY
Modest credit expansion. Consistent with ECB 2% inflation target.
US Total Debt/GDP
Federal Debt
126%
↑ +2pp
Debt service costs rising. Deficit remains elevated at ~6% GDP.
China Credit Impulse
Credit Growth
-0.8%
↓ YoY
Contractionary. Property sector drag persists. Policy response ongoing.
