U.S. ECONOMIC CALENDAR
MAY

DAY            DATE    CT         FOR          REPORT
Monday         25-Apr  9:00 a.m    Mar         New Home Sales
                       2:00 p.m.               USDA Poultry Slaughter
Tuesday        26-Apr  7:30 a.m    Mar         Durable Goods Orders
                       8:00 a.m    Feb         Case-Shiller 20 City Index
                       9:00 a.m    Apr         Consumer Confidence
Wednesday      27-Apr  6:00 a.m  23-Apr        MBA Mortgage Index
                       9:00 a.m    Mar         Pending Home Sales
                       9:30 a.m  23-Apr        Crude Inventories
                       1:00 p.m    Apr         FOMC Interest Rate Decision
Thursday       28-Apr  7:30 a.m     Q1         Gross Domestic Product - adv
                       7:30 a.m  23-Apr        Jobless Claims
                       9:30 a.m  23-Apr        Natural Gas Inventories
                       2:00 p.m.               USDA Dairy Products
                                               Annual Summary
Friday         29-Apr  7:30 a.m     Q1         Employment Cost Index
                       7:30 a.m    Mar         Personal Income and Spending
                       8:45 a.m    Apr         Chicago PMI
                       9:00 a.m    Apr         Michigan Sentiment - final
                       2:00 p.m.               USDA Ag Prices

Monday         2-May   9:00 a.m    Mar         Construction Spending
                       9:00 a.m    Apr         ISM Index
Tuesday        3-May   1:00 p.m    Apr         Auto and Truck Sales
Wednesday      4-May   6:00 a.m  30-Apr        MBA Mortgage Index
                       7:15 a.m    Apr         ADP Employment Change
                       7:30 a.m     Q1         Productivity - prelim
                       7:30 a.m    Mar         Trade Balance
                       9:00 a.m    Mar         Factory Orders
                       9:00 a.m    Apr         ISM Services
                       9:30 a.m  30-Apr        Crude Inventories
Thursday       5-May   6:30 a.m    Apr         Challenger Job Cuts
                       7:30 a.m  30-Apr        Jobless Claims
                       9:30 a.m  30-Apr        Natural Gas Inventories
Friday         6-May   7:30 a.m    Apr         Nonfarm Payrolls
                       7:30 a.m    Apr         Unemployment Rate
                       7:30 a.m    Apr         Hourly Earnings
                       7:30 a.m    Apr         Average Workweek
                       2:00 p.m    Mar         Consumer Credit
Tuesday        10-May  9:00 a.m    Mar         Wholesale Inventories
                       11:00 a.m.              USDA Crop Production
                       11:00 a.m.              WASDE
Wednesday      11-May  6:00 a.m   7-May        MBA Mortgage Index
                       9:30 a.m   7-May        Crude Inventories
                       1:00 p.m    Apr         Treasury Budget
Thursday       12-May  7:30 a.m   7-May        Jobless Claims
                       7:30 a.m    Apr         Import/Export Prices
                       11:00 a.m.              USDA Wheat and Oil Crops Outlook
                       2:00 p.m.               USDA Feed and Rice Outlook
Friday         13-May  7:30 a.m    Apr         Producer Price Index
                       7:30 a.m    Apr         Retail Sales
                       9:00 a.m    Mar         Business Inventories
                       9:00 a.m    May         Michigan Sentiment
Monday         16-May  7:30 a.m    May         Empire Manufacturing
                       9:00 a.m    May         NAHB Housing Market Index
                       11:00 a.m.              USDA Livestock, Dairy and
                                               Poultry Outlook
Tuesday        17-May  7:30 a.m    Apr         Housing Starts
                       7:30 a.m    Apr         Building Permits
                       7:30 a.m    Apr         Consumer Price Index
                       8:15 a.m    Apr         Industrial Production
                       8:15 a.m    Apr         Capacity Utilization
Wednesday      18-May  6:00 a.m  14-May        MBA Mortgage Index
                       9:30 a.m  14-May        Crude Inventories
                       1:00 p.m  27-Apr        FOMC Minutes
Thursday       19-May  7:30 a.m  14-May        Jobless Claims
                       7:30 a.m    May         Philadelphia Fed
                       9:30 a.m  14-May        Natural Gas Inventories
                       2:00 p.m.               USDA Livestock Slaughter
                       2:00 p.m.               USDA Milk Production
Friday         20-May  9:00 a.m    Apr         Existing Home Sales
                       2:00 p.m.               USDA Cattle On Feed
Tuesday        24-May  9:00 a.m    Apr         New Home Sales
Wednesday      25-May  6:00 a.m  21-May        MBA Mortgage Index
                       8:00 a.m    Mar         FHFA Housing Price Index
                       9:30 a.m  21-May        Crude Inventories
                       2:00 p.m.               USDA Poultry Slaughter
Thursday       26-May  7:30 a.m  21-May        Jobless Claims
                       7:30 a.m    Apr         Durable Goods Orders
                       9:00 a.m    Apr         Pending Home Sales
                       9:30 a.m  21-May        Natural Gas Inventories
Friday         27-May  7:30 a.m     Q1         Gross Domestic Product - 2nd est
                       9:00 a.m    May         Michigan Sentiment - final
Tuesday        31-May  7:30 a.m  April         Personal Income and Spending
                       8:00 a.m    Mar         Case-Shiller 20 City Index
                       8:45 a.m    May         Chicago PMI
                       9:00 a.m    May         Consumer Confidence
                       2:00 p.m.               USDA Ag Prices