Macro Insights
See how disruption spreads, and where resilience and opportunity can be found.
When disruption hits, the smartest signals come from connected data.
The Macro Insights solution connects trade, workforce, sentiment, and market data to reveal how disruption moves through goods, capital, and labor. It is curated to help investors and strategists trace macro shocks, measure exposure, and spot emerging risks and opportunities.
When sweeping tariff reforms reshaped the global economy in 2025, S&P Global’s Quantitative Research & Solutions team mapped how cost pressures spread through supply chains, from suppliers to customers to margins. That connected-data framework underpins Macro Insights, quantifying how disruption moves through the global economy.
What's included?
- Business Relationship Analytics (BRA)
- Economics & Country Risk (ECR)
- Estimates
- Headcount Analytics
- Panjiva
- ProntoNLP
Source: S&P Global Market Intelligence data
Quantitative Research
Sell-side signals short-term pain, long-term gain
$1T+ in additional costs hit 2025 margins, AI buoys profitability beyond
This research finds that Sell-side analysts repriced global margins lower in the first half of 2025 as more than $1 trillion of unanticipated costs were absorbed across roughly 9,000 companies, based on a bottom-up aggregation of sell-side consensus estimates from S&P Capital IQ and Visible Alpha. The recovery is not broad-based. Roughly two-thirds of total net earnings recovery during 2025 is attributable to just 10 companies, all centered on the AI trade.
Macro Insights Dashboard
View the Macro Insights dashboard
At a glance:
- Compare earnings sentiment from ProntoNLP across six margin-relevant topics
- Track margin, revenue, and earnings estimates from Visible Alpha and S&P Capital IQ Estimates
- Trace supply chain impacts via top suppliers and customers with Business Relationship Analytics
- Visualize the global footprint using Panjiva shipment sources and destinations, and Headcount Analytics location data
In the News
Signals that work together
Spot early signs of stress or growth
(Headcount Analytics + ProntoNLP)
Layoffs at a company paired with cautious commentary in its earnings call point to margin pressure before it shows in quarterly results.
Anticipate geopolitical ripple effects
(Country Risk + Panjiva)
Rising instability in one country combined with trade data on critical commodities highlights which global manufacturers may soon face supply shortages.
Expose hidden supply chain dependencies
(Panjiva + Business Relationships Analytics)
A logistics bottleneck traced through second- and third-tier supplier networks reveals companies and sectors most at risk of disruption.
Detect expectation gaps
(Visible Alpha + ProntoNLP)
Bullish analyst forecasts contrasted with management’s hedging on capital expenditure signal a likely disconnect in market expectations.
What datasets are included?
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Business Relationship Analytics
Reveal hidden dependencies that amplify macroeconomic volatility
Business Relationships Analytics (BRA), developed by S&P Global and Redgraphs, maps over 600,000 entities and 1.6 million customer-supplier connections using regulatory filings and a patented AI-driven algortihm. It reveals hidden interdependencies across global networks, helping investors and analysts assess exposure, run stress tests, and uncover systemic risks.
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Economic & Country Risk data
Understand and prepare for global economic shifts
The Economic & Country Risk datasets from S&P Global provide a comprehensive view of the forces shaping global markets. Covering more than 200 economies, they combine macroeconomic forecasts, industry outlooks, sovereign ESG metrics, banking sector data, and geopolitical intelligence to help investors identify emerging risks, test scenarios, and manage exposure.
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Estimates
Gain unmatched depth and breadth into market expectations
S&P Capital IQ Estimates and Visible Alpha Estimates together offer the most complete view of sell-side forecasts and market sentiment. Combining the extensive coverage of more than 20,000 companies with detailed forecast models and assumptions from 200+ brokers, they provide intraday updates, historical context, and transparent insight into shifting expectations that shape investment decisions.
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Headcount Analytics
Assess corporate resilience through workforce trends
Headcount Analytics from S&P Global delivers a detailed view of global workforce trends across more than 220 million employees and 4.5 million companies. With monthly updates dating back to 2010, it provides insight into hiring, layoffs, tenure, and churn—helping investors and strategists evaluate organizational strength, benchmark performance, and identify signs of growth or stress.
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Panjiva
Surface trade flow disruptions through real-time global shipping intelligence
Panjiva provides visibility into global trade flows and supply chain dependencies. Built from over 2 billion shipment records across 21+ countries, it uses machine learning and natural language processing to transform customs data into structured insights on company-to-company relationships, product movements, and potential points of disruption.
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ProntoNLP
Transform unstructured text into systematic signals
ProntoNLP applies a finance-tuned large language model to filings, transcripts, and other financial text to extract and score key performance indicators (KPIs). It identifies sentiment, uncertainty, and forward-looking language to uncover emerging risks, strategic pivots, and inflection points. With coverage of more than 20,000 U.S. companies, historical data back to 2010, and hourly updates, ProntoNLP delivers structured, low-correlation signals that enhance investment analysis.
Featured Content
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What’s included?
- Business Relationship Analytics
- Economics & Country Risk data
- Headcount Analytics
- Panjiva
- ProntoNLP
- S&P Capital IQ & Visible Alpha Estimates