U.S. ECONOMIC CALENDAR
MAY

DAY            DATE    CT         FOR          REPORT
Monday         26-Apr  7:30 a.m    Mar         Durable Goods Orders
Tuesday        27-Apr  8:00 a.m    Feb         FHFA House Price Index
                       8:00 a.m    Feb         S&P Case-Shiller Home Price Index
                       9:00 a.m    Apr         Consumer Confidence
Wednesday      28-Apr  6:00 a.m  24-Apr        MBA Mortgage Index
                       7:30 a.m    Mar         International Trade - adv
                       7:30 a.m    Mar         Retail Inventories - adv
                       7:30 a.m    Mar         Wholesale Inventories - adv
                       9:30 a.m  24-Apr        Crude Inventories
                       1:00 p.m.               FOMC Interest Rate Decision
Thursday       29-Apr  7:30 a.m     Q1         Gross Domestic Product - adv
                       7:30 a.m     Q1         Chain Deflator - adv
                       7:30 a.m  24-Apr        Jobless Claims
                       9:00 a.m    Mar         Pending Home Sales
                       9:30 a.m  24-Apr        Natural Gas Inventories
Friday         30-Apr  7:30 a.m     Q1         Employment Cost Index
                       7:30 a.m    Mar         Personal Income and Spending
                       7:30 a.m    Mar         PCE Prices
                       8:45 a.m    Apr         Chicago PMI
                       9:00 a.m    Apr         Michigan Sentiment - final
                       2:00 p.m.               USDA Ag Prices

Monday         3-May   9:00 a.m    Mar         Construction Spending
                       9:00 a.m    Apr         ISM Manufacturing Index
Tuesday        4-May   7:30 a.m    Mar         Trade Balance
                       9:00 a.m    Mar         Factory Orders
Wednesday      5-May   6:00 a.m   1-May        MBA Mortgage Index
                       7:15 a.m    Apr         ADP Employment Change
                       9:00 a.m    Apr         ISM Non-Manufacturing Index
                       9:30 a.m   1-May        Crude Inventories
Thursday       6-May   7:30 a.m   1-May        Jobless Claims
                       7:30 a.m     Q1         Productivity - prelim
                       7:30 a.m     Q1         Unit Labor Costs - prelim
                       9:30 a.m   1-May        Natural Gas Inventories
Friday         7-May   7:30 a.m    Apr         Non-Farm Payrolls
                       7:30 a.m    Apr         Unemployment Rate
                       7:30 a.m    Apr         Average Work Week
                       7:30 a.m    Apr         Hourly Earnings
                       9:00 a.m    Mar         Wholesale Inventories
                       2:00 p.m    Mar         Consumer Credit
Wednesday      12-May  6:00 a.m   8-May        MBA Mortgage Index
                       7:30 a.m    Apr         Consumer Price Index
                       9:30 a.m   8-May        Crude Inventories
                       11:00 a.m.              USDA Crop Production
                       11:00 a.m.              WASDE
                       1:00 p.m    Apr         Treasury Budget
Thursday       13-May  7:30 a.m   8-May        Jobless Claims
                       7:30 a.m    Apr         Producer Price Index
                       9:30 a.m   8-May        Natural Gas Inventories
Friday         14-May  7:30 a.m    Apr         Import/Export Prices
                       7:30 a.m    Apr         Retail Sales
                       8:15 a.m    Apr         Industrial Production
                       8:15 a.m    Apr         Capacity Utilization
                       9:00 a.m    Mar         Business Inventories
                       9:00 a.m    Apr         Michigan Sentiment - prelim
                       11:00 a.m.              ERS Oil Crops Outlook
                       2:00 p.m.               ERS Feed Outlook
                       2:00 p.m.               ERS Wheat Outlook
                       2:00 p.m.               ERS Rice Outlook
Monday         17-May  7:30 a.m    May         Empire State Manufacturing
                       7:30 a.m    May         NAHB Housing Market Index
                       3:00 p.m    Mar         Net Long-Term TIC Flows
Tuesday        18-May  7:30 a.m    Apr         Housing Starts
                       7:30 a.m    Apr         Building Permits
                       11:00 a.m.              ERS Livestock, Dairy and
                                               Poultry Outlook
Wednesday      19-May  6:00 a.m  15-May        MBA Mortgage Index
                       9:30 a.m  15-May        Crude Inventories
Thursday       20-May  7:30 a.m  15-May        Jobless Claims
                       7:30 a.m    May         Philadelphia Fed Index
                       9:00 a.m    Apr         Leading Indicators
                       9:30 a.m  15-May        Natural Gas Inventories
                       2:00 p.m.               USDA Milk Production
                       2:00 p.m.               USDA Livestock Slaughter
Friday         21-May  9:00 a.m    Apr         Existing Home Sales
                       2:00 p.m.               USDA Cattle on Feed
Monday         24-May  2:00 p.m.               USDA Poultry Slaughter
Tuesday        25-May  8:00 a.m    Mar         S&P Case-Shiller Home Price Index
                       8:00 a.m    May         FHFA Housing Price Index
                       9:00 a.m    May         Consumer Confidence
                       9:00 a.m    Apr         New Home Sales
Wednesday      26-May  6:00 a.m  22-May        MBA Mortgage Index
                       9:30 a.m  22-May        Crude Inventories
Thursday       27-May  7:30 a.m  22-May        Jobless Claims
                       7:30 a.m    Apr         Durable Goods Orders
                       7:30 a.m     Q1         Gross Domestic Product - 2nd est
                       9:00 a.m    Apr         Pending Home Sales
                       9:30 a.m  22-May        Natural Gas Inventories
Friday         28-May  7:30 a.m    Apr         International Trade - adv
                       7:30 a.m    Apr         Retail Inventories - adv
                       7:30 a.m    Apr         Wholesale Inventories - adv
                       7:30 a.m    Apr         Personal Income and Spending
                       7:30 a.m    Apr         PCE Prices
                       8:45 a.m    May         Chicago PMI
                       9:00 a.m    May         Michigan Sentiment - final
                       2:00 p.m.               USDA Ag Prices