Economic Calendar

May 2017

Date Time Event Previous Forecast Actual
Mon 1 May *** Holiday (MAY Day)      
  *** Labour Day      
  7:30 AiG Performance of Mfg Index 57.5   59.2
  13:00 Vehicle Sales[year-on-year(YoY)] +13.8%   +5.4%
  15:15 Retail Sales (Real)[year-on-year(YoY)] +0.6%   +2.1%
  20:30 Personal Income[month-on-month(MoM)] +0.4% +0.3% +0.2%
  20:30 Personal Spending[month-on-month(MoM)] +0.1% +0.2% 0.0%
  20:30 PCE Deflator[year-on-year(YoY)] +2.1% +1.9% +1.8%
  20:30 PCE Core Deflator[month-on-month(MoM)] +0.2% -0.1% -0.1%
  20:30 PCE Core Deflator[year-on-year(YoY)] +1.8% +1.6% +1.6%
  21:45 PMI Manufacturing 52.8 52.8 52.8
  22:00 ISM Manufacturing 57.2 56.5 54.8
  22:00 ISM Prices Paid 70.5 67.5 68.5
  22:00 Construction Output[month-on-month(MoM)] +0.8% +0.5% -0.2%
Tue 2 May 7:50 Monetary Base[year-on-year(YoY)] +20.3%   +19.8%
  7:50 Bank of Japan Releases Minutes from March 15-16 Monetary Policy Meeting      
  8:20 Bank of Japan Governor, Haruhiko Kuroda Speech      
  9:45 Caixin Media Manufacturing PMI 51.2 51.3 50.3
  12:30 RBA Interest Rate Decision 1.50% 1.50% 1.50%
  15:30 PMI Manufacturing 58.6 58.2 57.4
  16:00 PMI Manufacturing 56.8 56.8 56.7
  16:30 PMI Manufacturing 54.2 54.0 57.3
  17:00 Unemployment Rate 9.5% 9.4% 9.5%
Wed 3 May *** Constitution Memorial Day      
  *** Buddha's Birthday      
  1:00 QV House Prices[year-on-year(YoY)] +12.9%   +11.1%
  6:45 Employed labor force[quarter-on-quarter (QoQ)] +0.8% +0.8% +1.2%
  6:45 Employed labor force[year-on-year(YoY)] +5.8% +5.3% +5.7%
  6:45 Unemployment Rate 5.2% 5.1% 4.9%
  6:45 Participation Rate 70.5% 70.5% 70.6%
  6:45 Private Wages Exc Overtime[quarter-on-quarter (QoQ)] +0.4% +0.4% +0.4%
  6:45 Private Wages Inc Overtime[quarter-on-quarter (QoQ)] +0.4% +0.5% +0.4%
  6:45 Average Hourly Earnings[quarter-on-quarter (QoQ)] -0.3% +0.7% +0.3%
  7:01 BRC Shop Price Index[year-on-year(YoY)] -0.8% -0.5% -0.5%
  7:30 AiG Performance of Service Index 51.7   53.0
  16:30 PMI Construction 52.2 52.0 53.1
  17:00 Producer Price Index[month-on-month(MoM)] 0.0% -0.1% -0.3%
  17:00 Producer Price Index[year-on-year(YoY)] +4.5% +4.2% +3.9%
  17:00 Gross Domestic Product[quarter-on-quarter (QoQ)] +0.4% +0.5% +0.5%
  17:00 Gross Domestic Product[year-on-year(YoY)] +1.7% +1.7% +1.7%
  19:00 MBA Mortgage Applications[week-over-week] +2.7%   -0.1%
  20:15 ADP Employment Change +263K +175K +177K
  21:45 PMI Services 52.5 52.5 53.1
  21:45 PMI Composite 52.7   53.2
  22:00 ISM Non-Manf. Composite 55.2 55.8 57.5
Thu 4 May *** Greenery Day      
  2:00 FOMC Rate Decision(Upper Bound) 1.00% 1.00% 1.00%
  2:00 FOMC Rate Decision(Lower Bound) 0.75% 0.75% 0.75%
  9:00 HIA New Home Sales[month-on-month(MoM)] +0.2%   -1.1%
  9:00 ANZ Commodity Price[month-on-month(MoM)] +0.4%   -0.2%
  9:30 Trade Balance A$ +3.574B A$ +3.250B A$ +3.107B
  9:45 Caixin Media non-Manufacturing PMI 52.2   51.5
  11:10 Reserve Bank of Australia Deputy Governor Philip Lowe Speech      
  13:45 SECO Consumer Confidence -3 +3 -8
  16:00 PMI Services 56.2 56.2 56.4
  16:00 PMI Composite 56.7 56.7 56.8
  16:30 PMI Services 55.0 54.5 55.8
  16:30 Net Consumer Credit £ +1.4B £ +1.2B £ +1.6B
  16:30 Net Lending Sec. on Dwellings £ +3.5B £ +3.3B £ +3.1B
  16:30 Mortgage Approvals 68.3K 67.2K 66.8K
  16:30 M4 Money Supply[month-on-month(MoM)] -0.3%   +0.3%
  16:30 M4 Money Supply[year-on-year(YoY)] +5.7%   +6.6%
  17:00 Retail Sales[month-on-month(MoM)] +0.7% +0.1% +0.3%
  17:00 Retail Sales[year-on-year(YoY)] +1.8% +2.1% +2.3%
  19:30 Challenger Job Cuts[year-on-year(YoY)] -2.0%   -42.9%
  20:30 Nonfarm Productivity[quarter on quarter annualized rate] +1.3% -0.1% -0.6%
  20:30 Unit Labor Costs[quarter on quarter annualized rate] +1.7% +2.7% +3.0%
  20:30 Trade Balance $ -43.6B $ -44.5B $ -43.7B
  20:30 Initial Jobless Claims 257K 248K 238K
  20:30 Continuing Jobless Claims 1.988M 1.990M 1.964M
  20:30 International Merchandise Trade C$ -0.97B C$ -1.00B C$ -0.14B
  22:00 Factory Orders[month-on-month(MoM)] +1.0% +0.4% +0.2%
  22:00 Durable Goods Orders[month-on-month(MoM)] +0.7% +0.7% +0.9%
  22:00 Durables Goods Orders Ex Transportation[month-on-month(MoM)] -0.2%   0.0%
  23:30 ECB President Mario Draght, Speech      
Fri 5 May *** Children''s Day      
  4:25 Bank of Canada Governor Stephen S. Poloz Speech      
  7:30 AiG Perf of Construction Index 51.2   51.9
  8:30 Purchasing Managers Index 49.9   51.1
  9:30 RBA Quarterly Statement on Monetary Policy      
  11:00 RBNZ 2yr Inflation Expectation +1.92%   +2.17%
  16:30 Retail Sales - Value[year-on-year(YoY)] -5.7% -0.9% +3.1%
  20:15 Donald Tusk, President of the European Council, Speech      
  20:30 Nonfarm Payrolls +98K +190K +211K
  20:30 Unemployment Rate 4.5% 4.6% 4.4%
  20:30 Manufacturing Payrolls +11K +10K +6K
  20:30 Average Hourly Earnings[month-on-month(MoM)] +0.2% +0.3% +0.3%
  20:30 Average Hourly Earnings[year-on-year(YoY)] +2.7% +2.7% +2.5%
  20:30 Net Change in Employment +19.4K +10.0K +3.2K
  20:30 Unemployment Rate 6.7% 6.7% 6.5%
  20:30 Participation Rate 65.9%   65.6%
  22:00 Ivey Purchasing Managers Index 61.1   62.4
  23:30 FRB Vice Chairman Stanley Fischer, Speech      
Sat 6 May 0:45 San Francisco Federal Reserve Bank President John Williams Speech      
  1:30 Federal Reserve Bank Chairman Janet Yellen Speech      
  1:30 Federal Reserve Bank of Boston President, Eric Rosengren Speech      
  3:00 Net Consumer Credit $ +15.206B $ +14.000B $ +16.431B
Sun 7 May          
Mon 8 May 9:30 Building Approvals[month-on-month(MoM)] +8.3% -4.0% -13.4%
  9:30 Building Approvals[year-on-year(YoY)] -4.9% -10.0% -19.9%
  9:30 ANZ Job Advertisements[month-on-month(MoM)] +0.3%   +1.4%
  9:30 NAB Business Conditions +14   +14
  9:30 NAB Business Confidence +6   +13
  11:20 Trade Balance +1643.4¥ *B +1972.0¥ *B +2623.0¥ *B
  11:39 Trade Balance $ +23.93B $ +35.20B $ +38.05B
  13:00 Consumer Confidence 43.9 43.5 43.2
  15:30 Halifax House Price[month-on-month(MoM)] 0.0% +0.1% -0.1%
  15:30 Halifax House Price[year-on-year(YoY)] +3.8% +3.6% +3.8%
  16:30 Sentix Investor Confidence +23.9 +25.2 +27.4
  20:15 Housing Starts 253K 215K 214K
  20:35 Federal Reserve Bank of St. Louis President James Bullard, Speech      
  20:45 Cleveland Federal Reserve Bank President Loretta J. Mester Speech      
  22:00 Labor Market Conditions Index +0.4 +1.0 +3.5
Tue 9 May 7:01 BRC Sales Like-For-Like[year-on-year(YoY)] -1.0% +0.5% +5.6%
  8:00 Labor Cash Earnings[year-on-year(YoY)] +0.4% +0.5% -0.4%
  9:30 Retail Sales[month-on-month(MoM)] -0.1% +0.3% -0.1%
  9:30 Retail Sales Ex Inflation[quarter-on-quarter (QoQ)] +0.9% +0.5% +0.1%
  13:45 Unemployment Rate 3.4% 3.3% 3.3%
  13:45 Unemployment Rate s.a. 3.3% 3.2% 3.3%
  18:00 NFIB Small Business Optimism 104.7 104.0 104.5
  20:30 Building Permits[month-on-month(MoM)] -2.5% +2.8% -5.8%
  22:00 JOLTs Job Openings 5743K 5725K 5743K
  22:00 Wholesale Inventories[month-on-month(MoM)] -0.1% -0.1% +0.2%
  22:00 Wholesale Sales[month-on-month(MoM)] +0.6%   0.0%
  22:00 IBD/TIPP Economic Optimism 51.7   51.3
Wed 10 May 1:00 Federal Reserve Bank of Boston President, Eric Rosengren Speech      
  4:15 Federal Reserve Bank of Dallas Robert Steven Kaplan, Speech      
  7:50 Bank of Japan Releases Minutes from April26-27 Monetary Policy Meeting      
  9:30 Consumer Prices[year-on-year(YoY)] +0.9% +1.1% +1.2%
  9:30 Producer Price Index[year-on-year(YoY)] +7.6% +6.7% +6.4%
  13:00 Leading Index CI 104.8 105.5 105.5
  13:00 Coincident Index CI 115.3 114.7 114.6
  19:00 MBA Mortgage Applications[week-over-week] -0.1%   +2.4%
  19:00 ECB President Mario Draght, Speech      
  20:30 Import price index[month-on-month(MoM)] -0.2% +0.1% +0.5%
  20:30 Import price index[year-on-year(YoY)] +4.2% +3.6% +4.1%
Thu 11 May 0:00 Federal Reserve Bank of Boston President, Eric Rosengren Speech      
  2:00 Budget Statement $ -176.2B $ +179.0B $ +182.4B
  5:00 RBNZ Announces Rates 1.75% 1.75% 1.75%
  6:00 Reserve Bank of New Zealand Governor Graeme Wheeler,Speech      
  6:45 Food Prices[month-on-month(MoM)] -0.3%   -0.8%
  7:01 RICS House Prices +22% +20% +22%
  7:50 Balance of Payments - Current A/C ¥ +2813.6B ¥ +2593.0B ¥ +2907.7B
  7:50 Trade Balance - BOP Basis ¥ +1076.8B ¥ +855.0B ¥ +865.5B
  9:10 Reserve Bank of New Zealand Governor Graeme Wheeler,Speech      
  12:30 Bankruptcies[year-on-year(YoY)] +5.36%   -2.15%
  13:00 Economy Watchers Survey: Current 47.4 47.8 48.1
  13:00 Economy Watchers Survey: Outlook 48.1 48.2 48.8
  15:15 Consumer Prices[month-on-month(MoM)] +0.2% +0.2% +0.2%
  15:15 Consumer Prices[year-on-year(YoY)] +0.6% +0.5% +0.4%
  15:15 CPI - EU Harmonised[month-on-month(MoM)] +0.1%   +0.5%
  15:15 CPI - EU Harmonised[year-on-year(YoY)] +0.5%   +0.7%
  16:00 ECB Bulletin      
  16:30 Industrial Production[month-on-month(MoM)] -0.7% -0.4% -0.5%
  16:30 Industrial Production[year-on-year(YoY)] +2.8% +2.0% +1.4%
  16:30 Manufacturing Production[month-on-month(MoM)] -0.1% -0.2% -0.6%
  16:30 Manufacturing Production[year-on-year(YoY)] +3.3% +3.0% +2.3%
  16:30 Trade Balance £ -12.461B £ -11.600B £ -13.441B
  18:25 Federal Reserve Bank of New York President William Dudley, Speech      
  19:00 BOE Announces Rates 0.25% 0.25% 0.25%
  19:00 BOE Minutes      
  19:00 BOE Quarterly Inflation Report      
  19:30 Bank of England Governor Mark Carney Press Conference      
  20:00 NIESR GDP Estimate +0.5% +0.4% +0.2%
  20:30 Producer Price Index[month-on-month(MoM)] -0.1% +0.2% +0.5%
  20:30 Producer Price Index[year-on-year(YoY)] +2.3% +2.2% +2.5%
  20:30 PPI Output Core[month-on-month(MoM)] 0.0% +0.2% +0.4%
  20:30 PPI Output Core[year-on-year(YoY)] +1.6% +1.6% +1.9%
  20:30 Initial Jobless Claims 238K 245K 236K
  20:30 Continuing Jobless Claims 1.964M 1.980M 1.918M
  20:30 New Housing Price Index[month-on-month(MoM)] +0.4% +0.2% +0.2%
  20:30 New Housing Price Index[year-on-year(YoY)] +3.3%   +3.3%
Fri 12 May 5:00 REINZ House Sales[year-on-year(YoY)] -10.7%   -31.0%
  6:30 Business NZ PMI 57.8   56.8
  7:50 Japan Money Stock M2[year-on-year(YoY)] +4.3% +4.3% +4.3%
  7:50 Japan Money Stock M3[year-on-year(YoY)] +3.6% +3.6% +3.6%
  11:00 Non Resident Bond Holdings 61.5%   61.5%
  12:15 Bank of Japan Board Member Harada Yutaka, Speech      
  16:00 Money Supply M2[year-on-year(YoY)] +10.6% +10.8% +10.5%
  16:00 New Bank Lending 10200¥ *B 8150¥ *B 11000¥ *B
  16:30 Gross Domestic Product[quarter-on-quarter (QoQ)] +1.2% +0.2% +0.7%
  16:30 Gross Domestic Product[year-on-year(YoY)] +3.1% +3.7% +4.3%
  17:00 Industrial Production[month-on-month(MoM)] -0.3% +0.3% -0.1%
  17:00 Industrial Production[year-on-year(YoY)] +1.2% +2.3% +1.9%
  20:30 Consumer Prices[month-on-month(MoM)] -0.3% +0.2% +0.2%
  20:30 Consumer Prices[year-on-year(YoY)] +2.4% +2.3% +2.2%
  20:30 CPI Core[month-on-month(MoM)] -0.1% +0.2% +0.1%
  20:30 CPI Core[year-on-year(YoY)] +2.0% +2.0% +1.9%
  20:30 Retail Sales[month-on-month(MoM)] -0.2% +0.6% +0.4%
  20:30 Retail Sales Ex-Auto[month-on-month(MoM)] 0.0% +0.5% +0.3%
  20:30 House Price Index[month-on-month(MoM)] +0.9%   +1.2%
  20:30 House Price Index[year-on-year(YoY)] +13.5%   +13.4%
  21:00 Chicago Federal Reserve Bank President Charles Evans Speech      
  22:00 U. of Michigan Confidence 97.0 97.0 97.7
  22:00 Business Inventories[month-on-month(MoM)] +0.3% +0.2% +0.2%
Sat 13 May 0:30 Federal Reserve Bank of Philadelphia President Patrick T. Harker Speech      
Sun 14 May          
Mon 15 May 6:45 Retail Sales Ex Inflation[quarter-on-quarter (QoQ)] +0.6% +0.9% +1.5%
  7:50 Domestic CGPI[month-on-month(MoM)] +0.2% -0.1% +0.2%
  7:50 Domestic CGPI[year-on-year(YoY)] +1.4% +1.8% +2.1%
  9:30 Home Loans[month-on-month(MoM)] -0.5% 0.0% -0.5%
  9:30 Investment Lending[month-on-month(MoM)] -5.9%   +0.8%
  10:00 Retail Sales[year-on-year(YoY)] +10.9% +10.8% +10.7%
  10:00 Retail Sales (YTD)[year-on-year(YoY)] +10.0% +10.2% +10.2%
  10:00 Industrial Production[year-on-year(YoY)] +7.6% +7.0% +6.5%
  10:00 Industrial Production (YTD)[year-on-year(YoY)] +6.8% +6.9% +6.7%
  10:00 Investment in Fixed Assets (Excluding Rural Households) (YTD)[year-on-year(YoY)] +9.2% +9.1% +8.9%
  13:00 Reserve Bank of New Zealand Assistant Governor John McDermott, Speec      
  14:00 Machine Tool Orders[year-on-year(YoY)] +22.8%   +34.7%
  15:15 Producer & Import Prices[month-on-month(MoM)] +0.1% 0.0% -0.2%
  15:15 Producer & Import Prices[year-on-year(YoY)] +1.3% +1.0% +0.8%
  20:30 Empire Manufacturing +5.2 +7.3 -1.0
  21:00 Existing Home Sales[month-on-month(MoM)] +1.1%   -1.7%
  22:00 NAHB Housing Market Index 68 68 70
Tue 16 May 4:00 Net Long-term TIC Flows $ +53.4B   $ +59.8B
  4:00 Net TIC Flows $ +19.3B   $ -0.7B
  9:30 New Motor Vehicle Sales[month-on-month(MoM)] +1.9%   +0.3%
  9:30 New Motor Vehicle Sales[year-on-year(YoY)] -3.0%   +0.1%
  9:30 RBA Minutes      
  12:30 Indices of Tertiary Industry Activity[month-on-month(MoM)] +0.2% +0.1% -0.2%
  14:00 EU 27 New Car Registrations[year-on-year(YoY)] +11.2%   -6.6%
  16:30 Consumer Prices[month-on-month(MoM)] +0.4% +0.4% +0.5%
  16:30 Consumer Prices[year-on-year(YoY)] +2.3% +2.6% +2.7%
  16:30 CPI Core[year-on-year(YoY)] +1.8% +2.3% +2.4%
  16:30 Retail Price Index[month-on-month(MoM)] +0.3% +0.4% +0.5%
  16:30 Retail Price Index[year-on-year(YoY)] +3.1% +3.4% +3.5%
  16:30 RPI (MoM)[year-on-year(YoY)] +3.4% +3.7% +3.8%
  16:30 PPI Input[month-on-month(MoM)] +0.4% 0.0% +0.1%
  16:30 PPI Input[year-on-year(YoY)] +17.9% +17.0% +16.6%
  16:30 PPI Output[month-on-month(MoM)] +0.4% +0.2% +0.4%
  16:30 PPI Output[year-on-year(YoY)] +3.6% +3.4% +3.6%
  16:30 PPI Output Core[month-on-month(MoM)] +0.3% +0.2% +0.5%
  16:30 PPI Output Core[year-on-year(YoY)] +2.5% +2.5% +2.8%
  16:30 ONS House Price[year-on-year(YoY)] +5.8% +5.3% +4.1%
  17:00 Trade Balance € +17.8B € +25.8B € +30.9B
  17:00 Trade Balance sa € +19.2B € +18.7B € +23.1B
  17:00 ZEW Survey (Econ. Sentiment) 26.3   35.1
  17:00 Gross Domestic Product[quarter-on-quarter (QoQ)] +0.5% +0.5% +0.5%
  17:00 Gross Domestic Product[year-on-year(YoY)] +1.7% +1.7% +1.7%
  20:30 Housing Starts 1.215M 1.260M 1.172M
  20:30 Housing Starts[month-on-month(MoM)] -6.8% +3.7% -2.6%
  20:30 Building Permits 1.260M 1.270M 1.229M
  20:30 Building Permits[month-on-month(MoM)] +3.6% +0.2% -2.5%
  21:15 Industrial Production[month-on-month(MoM)] +0.5% +0.4% +1.0%
  21:15 Capacity Utilization Ratio 76.1% 76.3% 76.7%
  22:00 Mortgage Delinquencies 4.80%   4.71%
  23:30 Austria National Bank Governor Ewald Nowotny Speech      
Wed 17 May 6:45 Producer Prices- Outputs[quarter-on-quarter (QoQ)] +1.5%   +1.4%
  6:45 Producer Prices- Inputs[quarter-on-quarter (QoQ)] +1.0%   +0.8%
  7:50 Machinery Orders[month-on-month(MoM)] +1.5% +2.5% +1.4%
  7:50 Machinery Orders[year-on-year(YoY)] +5.6% +1.2% -0.7%
  8:30 Westpac Consumer Confidence Index 99.0   98.0
  9:30 Wage Cost Index[quarter-on-quarter (QoQ)] +0.5% +0.5% +0.5%
  9:30 Wage Cost Index[year-on-year(YoY)] +1.9% +1.9% +1.9%
  12:30 Industrial Production[month-on-month(MoM)] -2.1%   -1.9%
  12:30 Industrial Production[year-on-year(YoY)] +3.3%   +3.5%
  12:30 Capacity Utilization Ratio[year-on-year(YoY)] +3.2%   -1.6%
  16:30 Jobless Claims Change +25.5K   +19.4K
  16:30 Unemployment Rate 2.2%   2.3%
  16:30 ILO Unemployment Rate (3mths) 4.7% 4.7% 4.6%
  17:00 Construction Output[month-on-month(MoM)] +6.9%   -1.1%
  17:00 Construction Output[year-on-year(YoY)] +7.1%   +3.6%
  17:00 Consumer Prices[month-on-month(MoM)] +0.8% +0.4% +0.4%
  17:00 Consumer Prices[year-on-year(YoY)] +1.9% +1.9% +1.9%
  17:00 CPI Core[year-on-year(YoY)] +1.2% +1.2% +1.2%
  19:00 MBA Mortgage Applications[week-over-week] +2.4%   -4.1%
  20:30 Manufacturing Shipments[month-on-month(MoM)] -0.2% +1.3% +1.0%
Thu 18 May 7:50 Real Gross Domestic Product[quarter-on-quarter (QoQ)] +0.3% +0.5% +0.5%
  7:50 Real Gross Domestic Product[quarter on quarter annualized rate] +1.2% +1.7% +2.2%
  7:50 Nominal GDP[quarter-on-quarter (QoQ)] +0.4% +0.1% 0.0%
  7:50 GDP Deflator[year-on-year(YoY)] -0.1% -0.7% -0.8%
  9:00 Consumer Inflation Expectation +4.1%   +4.0%
  9:00 ANZ Consumer Confidence Index 121.7   123.9
  9:30 Employed labor force +60.9K +5.0K +37.4K
  9:30 Unemployment Rate 5.9% 5.9% 5.7%
  9:30 Participation Rate 64.8% 64.7% 64.8%
  14:30 Tokyo Condominium Sales[year-on-year(YoY)] +26.6%   +38.6%
  16:30 Retail Sales[month-on-month(MoM)] -1.8% +1.1% +2.3%
  16:30 Retail Sales[year-on-year(YoY)] +1.7% +2.1% +4.0%
  16:30 Retail Sales Ex Auto Fuel[month-on-month(MoM)] -1.5% +1.0% +2.0%
  16:30 Retail Sales Ex Auto Fuel[year-on-year(YoY)] +2.6% +2.6% +4.5%
  19:30 ECB Releases Minutes from 27th April Meeting      
  20:30 Philadelphia Fed. +22.0 +18.5 +38.8
  20:30 Initial Jobless Claims 236K 240K 232K
  20:30 Continuing Jobless Claims 1.918M 1.950M 1.898M
  20:30 International Securities Transactions C$ +38.84B   C$ +15.13B
  20:45 ECB Executive Board Member Lautenschlaeger Speech      
  20:50 Austria National Bank Governor Ewald Nowotny Speech      
  22:00 Leading Indicators[month-on-month(MoM)] +0.4% +0.4% +0.3%
Fri 19 May 1:00 ECB President Mario Draght, Speech      
  1:15 Cleveland Federal Reserve Bank President Loretta J. Mester Speech      
  11:00 Credit Card Spending[year-on-year(YoY)] +7.1%   +6.4%
  16:00 Euro-Zone Current Account nsa € +27.9B   € +44.8B
  16:00 Euro-Zone Trade Balance sa € +37.9B   € +34.1B
  16:30 Unemployment Rate 3.2% 3.2% 3.2%
  17:00 ECB Executive Board Member Peter Praet, Speech      
  18:00 CBI Trends Total Orders +4 +4 +9
  20:00 ECB Vice-President Vitor Constancio, Speech      
  20:30 Consumer Prices[month-on-month(MoM)] +0.2% +0.5% +0.4%
  20:30 Consumer Prices[year-on-year(YoY)] +1.6% +1.7% +1.6%
  20:30 Retail Sales[month-on-month(MoM)] -0.6% +0.3% +0.7%
  20:30 Retail Sales Ex-Auto[month-on-month(MoM)] -0.1% +0.2% -0.2%
  21:15 Federal Reserve Bank of St. Louis President James Bullard, Speech      
  22:00 Consumer Confidence -3.6 -3.0 -3.3
Sat 20 May          
Sun 21 May          
Mon 22 May *** Victoria Day      
  7:01 Rightmove House Prices[month-on-month(MoM)] +1.1%   +1.2%
  7:01 Rightmove House Prices[year-on-year(YoY)] +2.2% +2.0% +3.0%
  7:50 Merchnds Trade Balance Total ¥ +614.7B ¥ +520.7B ¥ +481.7B
  15:00 Convenience Store Sales[year-on-year(YoY)] +0.01%   +0.3%
  15:00 M3 Money Supply[year-on-year(YoY)] +2.8%   +3.0%
  20:30 Chicago Fed Nat Activity Index +0.08 +0.10 +0.49
  22:00 Federal Reserve Bank of Philadelphia President Patrick T. Harker Speech      
Tue 23 May 1:30 Reserve Bank of Australia Deputy Governor Guy Debelle Speech      
  7:30 Federal Reserve Bank Board Member Lael Brainard, Speech      
  9:10 Chicago Federal Reserve Bank President Charles Evans Speech      
  12:30 All Industry Activity Index[month-on-month(MoM)] +0.7% -0.5% -0.6%
  13:00 Supermarket Sales[year-on-year(YoY)] -1.8%   +0.6%
  14:00 Machine Tool Orders[year-on-year(YoY)] +34.7%   +34.7%
  14:00 Nationwide Department Store Sales[year-on-year(YoY)] -0.9%   +0.7%
  14:00 Tokyo Dept. Store Sales[year-on-year(YoY)] -0.2%   -0.8%
  14:00 Trade Balance +31.0*B francs   +19.7*B francs
  15:15 Industrial Production[year-on-year(YoY)] -1.2%   -1.3%
  16:00 PMI Manufacturing 56.7 56.5 57.0
  16:00 PMI Services 56.4 56.4 56.2
  16:00 PMI Composite 56.8 56.7 56.8
  16:30 Public Finances (PSNCR) £ +34.3B   £ -15.2B
  16:30 PSNB ex Interventions £ +5.1B £ +8.7B £ +10.4B
  16:30 Consumer Prices[year-on-year(YoY)] +0.5% +1.5% +2.0%
  18:00 CBI Reported Sales +38 +10 +2
  20:30 Wholesale Sales[month-on-month(MoM)] -0.2% +0.8% +0.9%
  21:00 Minneapolis Federal Reserve Bank President Neel Kashkari, Speech      
  21:45 PMI Manufacturing 52.8 53.0 52.5
  21:45 PMI Services 53.1 53.3 54.0
  21:45 PMI Composite 53.2   53.9
  22:00 New Home Sales 621K 610K 569K
  22:00 New Home Sales[month-on-month(MoM)] +5.8% -1.8% -11.4%
  22:00 Richmond Fed Manufact. Index +20 +15 +1
Wed 24 May 5:00 Minneapolis Federal Reserve Bank President Neel Kashkari, Speech      
  6:45 Trade Balance NZ$ +0.332B NZ$ +0.267B NZ$ +0.578B
  8:00 Bank of Japan Governor, Haruhiko Kuroda Speech      
  8:00 Reserve Bank of New Zealand Governor Graeme Wheeler,Speech      
  8:30 Westpac Leading Index[month-on-month(MoM)] +0.08%   -0.12%
  9:00 DEWR Internet Skilled Vacancies[month-on-month(MoM)] -0.6%   +0.1%
  13:00 Leading Index CI 105.5   105.5
  13:00 Coincident Index CI 114.6   114.4
  16:30 ECB Executive Board Member Peter Praet, Speech      
  19:00 MBA Mortgage Applications[week-over-week] -4.1%   +4.4%
  20:45 ECB President Mario Draght, Speech      
  21:00 House Price Index[month-on-month(MoM)] +0.8% +0.5% +0.6%
  21:00 House Price Index[quarter-on-quarter (QoQ)] +1.5%   +1.4%
  22:00 Existing Home Sales 5.71M 5.65M 5.57M
  22:00 Existing Home Sales[month-on-month(MoM)] +4.4% -1.1% -2.3%
  22:00 Bank of Canada Rate Decision 0.50% 0.50% 0.50%
Thu 25 May *** Ascension Day      
  2:00 FOMC Released Meeting Minutes of 2-3 May      
  6:00 Federal Reserve Bank of Dallas Robert Steven Kaplan, Speech      
  16:00 Reserve Bank of Australia Deputy Governor Guy Debelle Speech      
  16:30 BBA Loans for House Purchase 41061 40800 40750
  16:30 Gross Domestic Product[quarter-on-quarter (QoQ)] +0.3% +0.3% +0.2%
  16:30 Gross Domestic Product[year-on-year(YoY)] +2.1% +2.1% +2.0%
  16:30 Index of Services (3mth/3mth) +0.5% +0.3% +0.2%
  16:30 Total Business Investment[quarter-on-quarter (QoQ)] -0.9% +0.3% +0.6%
  16:30 Total Business Investment[year-on-year(YoY)] -0.9%   +0.8%
  16:30 Trade Balance HK$ -42.3B HK$ -39.2B HK$ -34.1B
  20:30 Wholesale Inventories[month-on-month(MoM)] +0.2% +0.2% -0.3%
  20:30 Initial Jobless Claims 232K 238K 234K
  20:30 Continuing Jobless Claims 1.898M 1.925M 1.923M
  22:00 Federal Reserve Bank Board Member Lael Brainard, Speech      
  23:00 Kansas City Fed Manf. Activity +7 +9 +8
Fri 26 May 1:00 ECB Vice-President Vitor Constancio, Speech      
  7:30 National Consumer Price Index[year-on-year(YoY)] +0.2% +0.4% +0.4%
  7:30 Natl CPI Ex-Fresh Food[year-on-year(YoY)] +0.2% +0.4% +0.3%
  7:30 Natl CPI Ex Food, Energy[year-on-year(YoY)] -0.1% 0.0% 0.0%
  7:30 Tokyo CPI[year-on-year(YoY)] -0.1% 0.0% +0.2%
  7:30 Tokyo CPI Ex-Fresh Food[year-on-year(YoY)] -0.1% 0.0% +0.1%
  7:30 Tokyo CPI Ex Food, Energy[year-on-year(YoY)] -0.1% -0.1% 0.0%
  7:50 Corp Service Price Index[year-on-year(YoY)] +0.8% +0.9% +0.7%
  10:00 Federal Reserve Bank of St. Louis President James Bullard, Speech      
  20:30 Gross Domestic Product[quarter on quarter annualized rate] +0.7% +0.9% +1.2%
  20:30 Personal Consumption[quarter-on-quarter (QoQ)] +0.3% +0.4% +0.6%
  20:30 GDP Price Index[quarter-on-quarter (QoQ)] +2.3% +2.3% +2.2%
  20:30 PCE Core[quarter-on-quarter (QoQ)] +2.0% +2.0% +2.1%
  20:30 Durable Goods Orders[month-on-month(MoM)] +0.9% -1.4% -0.7%
  20:30 Durables Goods Orders Ex Transportation[month-on-month(MoM)] 0.0% +0.4% -0.4%
  22:00 U. of Michigan Confidence 97.7 97.5 97.1
Sat 27 May 9:30 Industry profits[year-on-year(YoY)] +23.8%   +14.0%
Sun 28 May          
Mon 29 May *** Memorial Day      
  *** Spring Bank Holiday      
  *** Dragon Boat Festival      
  9:15 San Francisco Federal Reserve Bank President John Williams Speech      
  15:15 Austria National Bank Governor Ewald Nowotny Speech      
  16:00 M3 Money Supply[year-on-year(YoY)] +5.3% +5.2%  
  21:00 ECB President Mario Draght, Speech      
Tue 30 May *** Dragon Boat Festival      
  6:45 Building Permits[month-on-month(MoM)] -1.830    
  7:30 Unemployment Rate 2.8% 2.8%  
  7:30 Job-To-Applicant Ratio 1.45 1.46  
  7:30 Household Spending[year-on-year(YoY)] -1.3% -0.7%  
  7:50 Retail Sales Value[year-on-year(YoY)] +2.1% +2.2%  
  7:50 Department Store and Supermarket Sales[year-on-year(YoY)] -0.8% +0.3%  
  9:30 Building Approvals[month-on-month(MoM)] -13.4% +3.0%  
  9:30 Building Approvals[year-on-year(YoY)] -19.9% -18.1%  
  15:00 KOF Leading Indicator 106.0 106.0  
  17:00 Economic Confidence 109.6 110.0  
  17:00 Business Climate Indicator +1.09 +1.11  
  17:00 Industrial Confidence +2.6 +3.1  
  17:00 Services Confidence +14.2 +14.2  
  17:00 Consumer Confidence -3.3 -3.3  
  20:30 Personal Income[month-on-month(MoM)] +0.2% +0.4%  
  20:30 Personal Spending[month-on-month(MoM)] 0.0% +0.4%  
  20:30 PCE Deflator[year-on-year(YoY)] +1.8% +1.7%  
  20:30 PCE Core Deflator[month-on-month(MoM)] -0.1% +0.1%  
  20:30 PCE Core Deflator[year-on-year(YoY)] +1.6% +1.5%  
  20:30 Current Account Balance C$ -10.73B C$ -12.00B  
  20:30 Industrial Product Price[month-on-month(MoM)] +0.8%    
  20:30 Raw Materials Price Index[month-on-month(MoM)] -1.6%    
  21:00 S&P/CaseShiller Home Price Ind 193.49    
  21:00 S&P/CaseShiller Home Price Ind[month-on-month(MoM)] +0.69% +0.90%  
  21:00 S&P/CaseShiller Home Price Ind[year-on-year(YoY)] +5.85% +5.61%  
  22:00 Consumer Confidence 120.3 119.8  
  22:30 Dallas Fed Manf. Activity +16.8% +15.0%  
Wed 31 May 1:00 Federal Reserve Bank Board Member Lael Brainard, Speech      
  7:01 GfK Consumer Confidence Survey -7 -8  
  7:01 BRC Shop Price Index[year-on-year(YoY)] -0.5% -0.3%  
  7:50 Industrial Production[month-on-month(MoM)] -1.9% +4.1%  
  7:50 Industrial Production[year-on-year(YoY)] +3.5% +6.0%  
  9:00 ANZ Business Conditions +11.0    
  9:00 PMI Manufacturing 51.2 51.0  
  9:00 PMI Services 54.0    
  9:30 Private Sector Credit[month-on-month(MoM)] +0.3% +0.4%  
  9:30 Private Sector Credit[year-on-year(YoY)] +5.0% +4.9%  
  12:00 Vehicle Production[year-on-year(YoY)] +4.7%    
  13:00 SME Business Sentiment Index 48.6    
  13:00 Annualized Housing Starts 984K 970K  
  13:00 Housing Starts[year-on-year(YoY)] +0.2% -1.5%  
  13:00 Construction Orders[year-on-year(YoY)] +1.1%    
  14:00 UBS Consumption Indicator 1.50    
  16:00 ZEW - Credit Suisse Switzerland Expectation of Economic Growth +22.2    
  16:30 Net Consumer Credit £ +1.6B £ +1.5B  
  16:30 Net Lending Sec. on Dwellings £ +3.1B £ +3.0B  
  16:30 Mortgage Approvals 66.8K 66.0K  
  16:30 M4 Money Supply[month-on-month(MoM)] +0.3%    
  16:30 M4 Money Supply[year-on-year(YoY)] +6.6%    
  17:00 Unemployment Rate 9.5% 9.4%  
  17:00 Consumer Prices[year-on-year(YoY)] +1.9% +1.5%  
  17:00 CPI Core[year-on-year(YoY)] +1.2% +1.0%  
  19:00 MBA Mortgage Applications[week-over-week] +4.4%    
  20:00 Federal Reserve Bank of Dallas Robert Steven Kaplan, Speech      
  20:30 Gross Domestic Product[month-on-month(MoM)] 0.0% +0.2%  
  20:30 Gross Domestic Product[quarter on quarter annualized rate] +2.6% +4.2%  
  21:45 Chicago Purchasing Manager 58.3 57.0  
  22:00 Pending Home Sales[month-on-month(MoM)] -0.8% +0.4%  
  22:00 Pending Home Sales[year-on-year(YoY)] +0.5%    
  *** M3 Money Supply[year-on-year(YoY)] +13.7%