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	U.S. ECONOMIC CALENDAR
MAY

DAY            DATE    CT          FOR          REPORT
Monday         12-May  11:00 a.m.               USDA Crop Production
                       11:00 a.m.               WASDE
                       1:00 p.m.    Apr         Treasury Budget
Tuesday        13-May  7:30 a.m.    Apr         Consumer Price Index
Wednesday      14-May  6:00 a.m.  10-May        MBA Mortgage Index
                       9:30 a.m.  10-May        Crude Inventories
Monday         14-Apr  2:00 p.m.                ERS Oil Crops Outlook
                       2:00 p.m.                ERS Cotton and Wool Outlook
                       2:00 p.m.                ERS Feed, Rice and Wheat Outlook
                       7:30 a.m.    May         Empire State Manufacturing
                       7:30 a.m.    May         Philadelphia Fed Index
                       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.    May         NAHB Housing Market Index
                       9:30 a.m.  10-May        Natural Gas Inventories
Friday         16-May  7:30 a.m.    Apr         Housing Starts
                       7:30 a.m.    Apr         Building Permits
                       7:30 a.m.    Apr         Import and Export Prices
                       9:00 a.m.    May         Michigan Sentiment - prelim
                       2:00 p.m.                ERS Livestock, Dairy and Poultry
                                                Outlook
                       3:00 p.m.    Mar         Net Long-Term TIC Flows
Monday         19-May  9:00 a.m.    Apr         Leading Indicators
Wednesday      21-May  6:00 a.m.  17-May        MBA Mortgage Index
                       9:30 a.m.  17-May        Crude Inventories
                       2:00 p.m.                USDA Milk Production
Thursday       22-May  7:30 a.m.  17-May        Jobless Claims
                       9:00 a.m.    Apr         Existing Home Sales
                       9:30 a.m.  17-May        Natural Gas Inventories
                       2:00 p.m.                USDA Livestock Slaughter
Friday         23-May  9:00 a.m.    Apr         New Home Sales
                       2:00 p.m.                USDA Poultry Slaughter
                       2:00 p.m.                USDA Cattle on Feed
Tuesday        27-May  7:30 a.m.    Apr         Durable Goods Orders
                       8:00 a.m.    Mar         FHFA Housing Price Index
                       8:00 a.m.    Mar         S&P Case Shiller Home Price 
Index
                       9:00 a.m.    May         Consumer Confidence
Wednesday      28-May  6:00 a.m.  24-May        MBA Mortgage Index
Thursday       29-May  7:30 a.m.     Q1         Gross Domestic Product - 2nd est
                       7:30 a.m.     Q1         GDP Defllator - 2nd est
                       7:30 a.m.  24-May        Jobless Claims
                       9:00 a.m.    Apr         Pending Home Sales
                       9:30 a.m.  24-May        Natural Gas Inventories
                       10:00 a.m  24-May        Crude Inventories
Friday         30-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.    Apr         Chicago PMI
                       9:00 a.m.    May         Michigan Sentiment - final
                       2:00 p.m.                USDA Ag Prices