Macro Status Board
The cycle in motion: six indicator families across nine economies, from the same harmonised sources as the rest of this dashboard. Every reading is shown against its own history - the dot marks where today sits in that series' full range - because a number without its range is just a mood.
As of 2026-05: current inflation prints span 1.2% to 4.5%; no yield curve is inverted; US government debt sits at 122% of GDP.
The board
latest reading · dot = percentile within own history · † = lagging source| Economy | Inflation | Unemployment | Yield curve | Private credit | Leading indicator | Government debt |
|---|---|---|---|---|---|---|
| United States | 4.2% | 4.3% | 0.8pp | 143% †2024-Q4 | 101.0 | 122% |
| China | 1.2% | 5.1% | 0.1pp | 198% †2024-Q4 | 98.9 | 96% |
| Eurozone | 1.9% †2025-12 | 6.3% | 1.3pp | 157% †2024-Q4 | - | 89% |
| Japan | 3.0% †2025-07 | 2.5% | 1.3pp | 181% †2024-Q4 | 100.3 | 235% |
| South Korea | 3.1% | 2.8% | 1.3pp | 200% †2024-Q4 | 102.6 | 54% |
| India | 4.5% | 4.9% | 1.6pp | 93% †2024-Q4 | 102.1 | 80% |
| United Kingdom | 3.0% | 4.9% †2026-01 | 0.8pp | 138% †2024-Q4 | 100.5 | 104% |
| Australia | 4.0% | 4.5% | 0.6pp | 173% †2024-Q4 | 100.8 | 51% |
| Russia | 16.7% †2022-03 | 2.8% | - | 98% †2024-Q4 | - | 21% |
- China's official statistics are taken as reported; treat with the usual caution.
- Russia: OECD monthly data ends 2018-2022 (no yield curve or leading indicator); what remains is shown with its last date rather than dropped.
- † marks any reading that lags its source's normal cadence - the date shown is what it is as of. The chronic ones: BIS credit runs to 2024-Q4 for everyone; Japan's CPI comes via the IMF mirror (~1 year behind); Eurozone CPI lags a few months on the mirror.
- No leading indicator is published for the Eurozone aggregate.
Windowdrag on a chart to zoom (min 3y) · double-click resets
The trends
monthly / quarterly / annual as the source allowsMethodology
- Percentile dots place today's reading within the series' own full available history (start year shown on hover) - a 90th-percentile reading is extreme for that economy, whatever the absolute number.
- Yield curve is the 10-year government rate minus the 3-month interbank rate; negative (inverted) has historically preceded recessions.
- The leading indicator is the OECD's amplitude-adjusted CLI, the open harmonised stand-in for PMIs, which are proprietary. 100 = trend growth.
- Government debt and China/India/Russia unemployment are IMF WEO annual series, trimmed to the last complete year (WEO includes IMF estimates).
- Anti-fad rules, enforced: nothing higher-frequency than monthly, chart windows never under 3 years.
Sources
- inflation - OECD Prices dataset (DF_PRICES_ALL) via DBnomics; Japan from IMF CPI dataset; Australia quarterly
- unemployment - OECD Labour Force (DF_IALFS_UNE_M) via DBnomics, seasonally adjusted; China/India/Russia annual from IMF WEO
- curve - OECD Financial Market dataset (DF_FINMARK) via DBnomics: long-term (10y) minus short-term (3m interbank) rate
- credit - BIS total credit (WS_TC) via DBnomics, quarterly
- cli - OECD Composite Leading Indicators (DF_CLI) via DBnomics
- gov_debt - IMF WEO (GGXWDG_NGDP) via DBnomics, annual, incl. IMF estimates
Generated 23 Aug 2026. Refreshed monthly.