Introduction#

As traders gear up for another important day in the financial markets, several key economic data releases are anticipated on Tuesday, March 24, 2026. The focus will be on the Purchasing Managers’ Index (PMI) readings for manufacturing and services, which are essential indicators of the health of these sectors in the American economy.

Major Economic Events to Watch#

  • 8:45 AM ET - Manufacturing PMI: Forecast at 51.0, down from the previous 51.6. This index measures the activity levels of purchasing managers in the manufacturing sector. A reading above 50 indicates that the sector is expanding.
  • 8:45 AM ET - Services PMI: Expected to remain steady at 51.7, the same as the previous reading. This survey includes over 400 executives from private sector service companies, covering various industries such as transport and finance.

Additional Economic Indicators#

  • 7:15 AM ET - ADP Employment Change Weekly: Previous figure was 9,000. This report tracks changes in private-sector employment and is often seen as a precursor to the official nonfarm payrolls data.
  • 7:30 AM ET - Unit Labor Costs: Forecast at 3.4%, up from 2.8%. This measures the annual change in the cost of labor, which can indicate future consumer inflation.
  • 7:30 AM ET - Nonfarm Productivity: Expected to be 2.4%, down from 2.8%. This reflects changes in how efficiently labor is used to produce goods and services, excluding farming.

Other Notable Events#

  • 12:00 PM ET - 2-Year Note Auction: Previous yield was 3.455%. This auction reflects investor demand for government debt.
  • 3:30 PM ET - API Weekly Crude Stock: Previous figure was 6.600 million barrels. This report provides inventory levels of U.S. crude oil and gasoline.
  • 5:30 PM ET - Fed Vice Chair for Supervision Speaks: Remarks from Federal Reserve leadership may offer insights into future monetary policy.

Traders will be closely monitoring these indicators as they can significantly influence market trends and expectations.