US Economic Outlook: Manufacturing and Services PMI Data Scheduled for March 24

US Flash PMI Data Expected (March 2026)

Tomorrow, March 24, 2026, the S&P Global will release the flash estimates for the US Manufacturing and Services Purchasing Managers' Indices (PMI). These reports are among the most closely watched indicators of private sector activity.

Key Data Points:

• S&P Global Manufacturing PMI (Mar): Previous reading was 51.6.
• S&P Global Services PMI (Mar): Previous reading was 51.7.

Background: The PMI is a survey-based economic indicator designed to provide a snapshot of the health of a sector. A reading above 50.0 indicates expansion compared to the previous month, while a reading below 50.0 indicates contraction. The Manufacturing PMI focuses on the industrial sector, whereas the Services PMI tracks the dominant service-oriented portion of the US economy.

What to Watch: Investors will be looking to see if the indices remain above the 50.0 threshold. Stronger-than-expected data could suggest that the US economy remains resilient despite high interest rates, potentially leading the Federal Reserve to maintain a hawkish stance. Conversely, a drop toward or below 50.0 could spark fears of an economic slowdown, impacting the value of the USD and influencing risk-on assets such as equities and cryptocurrencies.