Book a demo

The global economy shifts before the data confirms it

Track inflation, growth, monetary policy, fiscal pressure and political risk through hourly, point-in-time macro sentiment intelligence across global economies.

Recognised at the Hedgeweek European Awards 2026 as Technology Provider of the Year: Innovation, Permutable helps institutional teams identify where macro pressure is forming, how narratives are changing and when those shifts may become relevant for rates, FX, commodities and cross-asset portfolios.

US inflation sentiment analysis comparing narrative-driven inflation sentiment with official CPI inflation data from 2016 to 2026. Highlights pre-pandemic, pandemic and post-pandemic inflation regimes, helping identify emerging inflation trends, regime shifts and market-relevant changes before they appear in economic releases.
  • Track inflation, growth, and policy sentiment across global economies in real time
  • Detect macro regime shifts before official economic releases and market consensus
  • Monitor cross-market transmission and repricing across FX, commodities, and rates
Explore Global Macro Sentiment Indices

  • 90+

    countries

  • 70+

    macro topics

  • 80+

    languages

  • 1hr

    updates

  • 11+

    years point-in-time

What institutional teams can access

  • Global Macro Sentiment Indices

    Hourly, point-in-time country and topic indices tracking inflation, growth, monetary policy, fiscal risk, trade, labour markets and political pressure.

  • Country and narrative intelligence

    Structured domestic, international and combined readings showing where macro pressure is forming and how global market perception differs from local reporting.

  • Macro event and driver analysis

    Identify the policy, economic, geopolitical and market developments driving changes in sentiment, regime signals and cross-market risk.

  • API, Excel and institutional feeds

    Deliver historical indices, live signals and underlying headline-level data into models, dashboards, research environments and portfolio-monitoring workflows.

Request sample macro data

See macro intelligence in action

See inflation pressure forming beneath the headline

Track directional and semantic sentiment across energy, services, housing, food and goods before changes become fully visible in official inflation data.

Time-series chart tracking United States inflation sentiment from 2024 to 2025, showing shifts in inflation-related narratives, media sentiment and macroeconomic signals over time. Visualises changes in inflation expectations and economic sentiment alongside key market-moving developments.

Worked example: Policy narratives and US front-end rates

Point-in-time Policy Outlook sentiment showed its strongest relationship at the front of the US curve. A one-standard-deviation increase was followed by an 18.6bp rise in the three-month yield and a 15.9bp rise in the two-year yield over the following 60 trading days.

  • Dark Permutable chart showing a stitched out-of-sample equity curve from 2019 to 2026, with growth of $1 rising steadily above 1.06 in walk-forward strategy testing.
  • Dark Permutable infographic showing fixed-rule out-of-sample results for GMSI monetary policy sentiment as a short-end rates signal, including OOS Sharpe, return, drawdown, hit rate and topic-level Sharpe comparison.
  • Dark institutional bar chart showing total-year return by selected signal, with the 2014 Policy Outlook fold as the strongest annual out-of-sample contributor at 2.25%.
  • Dark Permutable chart showing a stitched out-of-sample equity curve from 2019 to 2026, with growth of $1 rising steadily above 1.06 in walk-forward strategy testing.
  • Dark Permutable infographic showing fixed-rule out-of-sample results for GMSI monetary policy sentiment as a short-end rates signal, including OOS Sharpe, return, drawdown, hit rate and topic-level Sharpe comparison.
  • Dark institutional bar chart showing total-year return by selected signal, with the 2014 Policy Outlook fold as the strongest annual out-of-sample contributor at 2.25%.
  • Dark Permutable chart showing a stitched out-of-sample equity curve from 2019 to 2026, with growth of $1 rising steadily above 1.06 in walk-forward strategy testing.
  • Dark Permutable infographic showing fixed-rule out-of-sample results for GMSI monetary policy sentiment as a short-end rates signal, including OOS Sharpe, return, drawdown, hit rate and topic-level Sharpe comparison.
  • Dark institutional bar chart showing total-year return by selected signal, with the 2014 Policy Outlook fold as the strongest annual out-of-sample contributor at 2.25%.
View Global Macro Sentiment Indices

Where Permutable's macro intelligence fits

From discretionary macro positioning to systematic macro and FX strategies, Permutable helps trading and investment teams identify emerging economic drivers, monitor narrative persistence, and anticipate structural repricing before markets fully adjust.

 

  • Macro portfolio managers and strategists

    Track intensifying or easing pressure across countries and topics to support country selection, directional views and macro regime positioning.

     

  • FX and rates desks

    Monitor inflation and policy divergence, domestic-versus-international perception and changes in the expected policy path.

     

  • Economists and forecasters

    Add a point-in-time information layer to nowcasting, scenario analysis and monitoring between official data releases.

  • Systematic researchers

    Test hourly country and topic signals across more than 11 years of point-in-time history without introducing look-ahead bias.

  • Portfolio and risk teams

    Track emerging fiscal, political, inflation and geopolitical risks across countries, markets and portfolio exposures.

Request a macro intelligence demo

Macro intelligence built for institutional research

  • Point-in-time by construction

    Historical values reflect only information available at each moment, supporting research and testing without look-ahead bias.

  • Directional and semantic sentiment

    Separate whether a macro variable is moving higher or lower from whether the surrounding coverage reads positively or negatively.

  • Domestic and international separation

    Distinguish what local sources are reporting from how global markets and international media are framing the same economy.

  • Country and topic depth

    Analyse inflation, growth, policy, fiscal risk, labour markets, trade and political pressure by economy rather than relying on one broad sentiment score.

  • Source-level explainability

    Move from index changes and macro signals back to the narratives and underlying information contributing to them.

View global macro coverage

Turning macroeconomic narrative into actionable intelligence

 

 

Data ingestion

Permutable captures real-time macroeconomic information from global news, central bank commentary, policy updates, geopolitical developments and market commentary. This creates a live intelligence layer that reflects the narratives, expectations, and sentiment shifts influencing markets before they are fully visible in traditional macro datasets.

 

  • Data ingestion

  • Natural language processing & LLMs

  • Sentiment scoring & event detection

  • Narrative and macro regime signal construction

  • Structuring & delivery

  • Validation & quality control

Test macro sentiment against the markets that matter to your team

FAQs

 

 

  • How is macroeconomic sentiment different from traditional economic data?

    Traditional macroeconomic indicators are inherently lagging because they measure conditions after economic activity has already occurred. Macroeconomic sentiment focuses on how economies, markets, policymakers, institutions, and local populations discuss inflation, growth, employment, policy, geopolitical risk, and broader economic conditions in real time – often before official data confirms the shift.

     

  • Which macroeconomic themes does Permutable track?

    Permutable tracks inflation expectations, economic growth sentiment, labour market conditions, central bank policy expectations, consumer demand, geopolitical developments, political instability, recession expectations, commodity-driven macro pressures, global trade disruption, and cross-market risk sentiment.

     

  • How many countries and economies does Permutable cover?

    Permutable’s Global Macro Sentiment Indices cover 90+ developed, emerging and frontier economies across 80+ languages, with hourly updates and more than 11 years of point-in-time history. Teams can test hourly country and topic indices across more than 11 years of point-in-time history, helping reduce look-ahead bias between historical research and live deployment.

     

  • How does Permutable detect macro regime shifts earlier?

    Permutable continuously analyses global information flow, local narrative persistence, policy developments, and cross-market transmission behaviour in real time. By monitoring how narratives strengthen, spread, and influence multiple asset classes simultaneously, the platform helps identify regime transition signals before they fully emerge in traditional indicators or institutional consensus.

     

  • Which asset classes can benefit from macroeconomic sentiment intelligence?

    Permutable’s macroeconomic sentiment intelligence supports cross-asset workflows including FX, sovereign debt and rates markets, commodities and cross-asset macro portfolios, systematic macro strategies, and institutional risk frameworks.

     

  • Does Permutable analyse local-language information sources?

    Yes. Permutable analyses local and international narrative flow across more than 80 languages. This helps detect regional economic developments, domestic policy shifts, and local sentiment divergence before they are fully reflected in global market narratives or institutional research.

     

  • Can the data be used for quantitative research and backtesting?

    Yes. Permutable’s structured macroeconomic sentiment intelligence supports historical analysis, signal research, regime modelling, and systematic strategy development. Teams can analyse how narrative persistence, macro sentiment, and geopolitical developments historically influenced asset pricing and market behaviour.

     

  • Who typically uses Permutable’s macroeconomic intelligence?

    Permutable is designed for institutional users including hedge funds, systematic macro funds, FX trading desks, commodity trading firms, proprietary trading firms, multi-asset investment teams, institutional research teams, and macro portfolio managers.