2018 Economic Calendar

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1 Economics Group 2018 Economic Calendar This publication is available at.

2 January ISM Manufacturing [Dec] 10a ADP Employment [Dec] 8:15a Employment [Dec] 8:30a New Year's Day Const. Spending [Nov] 10a U.S. Int. Trade [Nov] 8:30a [Markets Closed] FOMC Minutes [Dec] 2p ISM Non-Manuf. [Dec] 10a Vehicle Sales [Dec] 3p Factory Orders [Nov] 10a Consumer Credit [Nov] 3p NFIB Small Bus. [Dec] 6a Imp. Price Index [Dec] 8:30a PPI [Dec] 8:30a CPI [Dec] 8:30a JOLTS [Nov] 10a Federal Budget [Dec] 2p Retail Sales [Dec] 8:30a Bus. Inventories [Nov] 10a Empire Manuf. [Jan] 8:30a Industrial Prod. [Dec] 9:15a Housing Starts [Dec] 8:30a Mich. Cons. Sent. [Jan P] 10a Martin Luther NAHB Index [Jan] 10a Philly Fed Survey [Jan] 8:30a King Jr. Day Fed Beige Book 2p [Markets Closed] TIC [Nov] 4p State Employment [Dec] 10a Existing Home Sales [Dec] 10a ECB Announcement 7:45a GDP [Q4 1st] 8:30a New Home Sales [Dec] 10a Durable Goods [Dec] 8:30a LEI [Dec] 10a Pers. Inc. & Spend. [Dec] 8:30a S&P/C-S Home Prices [Nov] 9a ADP Employment [Jan] 8:15a Cons. Confidence [Jan] 10a ECI [Q4] 8:30a Chicago PMI [Jan] 9:45a Pending Home Sales [Dec] 10a FOMC Statement 2p

3 February Productivity [Q4 1st] 8:30a Employment [Jan] 8:30a ISM Manufacturing [Jan] 10a Factory Orders [Dec] 10a Const. Spending [Dec] 10a Mich. Cons. Sent. [Jan F] 10a Vehicle Sales [Jan] 3p ISM Non-Manuf. [Jan] 10a U.S. Int. Trade [Dec] 8:30a Consumer Credit [Dec] 3p JOLTS [Dec] 10a Federal Budget [Jan] 2p NFIB Small Bus. [Jan] 6a CPI [Jan] 8:30a PPI [Jan] 8:30a Imp. Price Index [Jan] 8:30a Retail Sales [Jan] 8:30a Philly Fed Survey [Feb] 8:30a Housing Starts [Jan] 8:30a Bus. Inventories [Dec] 10a Empire Manuf. [Feb] 8:30a Mich. Cons. Sent. [Feb P] 10a FOMC Minutes [Jan] 2p Industrial Prod. [Jan] 9:15a NAHB Index [Feb] 10a TIC [Dec] 4p President's Day [Markets Closed] Existing Home Sales [Jan] 10a LEI [Jan] 10a New Home Sales [Jan] 10a Durable Goods [Jan] 8:30a GDP [Q4 2nd] 8:30a S&P/C-S Home Prices [Dec] 9a Chicago PMI [Feb] 9:45a Cons. Confidence [Feb] 10a Pending Home Sales [Jan] 10a State Employment [Annual] 10a

4 March Pers. Inc. & Spend. [Jan] 8:30a Mich. Cons. Sent. [Feb F] 10a ISM Manufacturing [Feb] 10a Const. Spending [Jan] 10a Vehicle Sales [Feb] 3p ISM Non-Manuf. [Feb] 10a Factory Orders [Jan] 10a ADP Employment [Feb] 8:15a ECB Announcement 7:45a Employment [Feb] 8:30a Productivity [Q4 2nd] 8:30a U.S. Int. Trade [Jan] 8:30a Fed Beige Book 2p Consumer Credit [Jan] 3p State Employment [Jan] 10a NFIB Small Bus. [Feb] 6a PPI [Feb] 8:30a Imp. Price Index [Feb] 8:30a Housing Starts [Feb] 8:30a Federal Budget [Feb] 2p CPI [Feb] 8:30a Retail Sales [Feb] 8:30a Philly Fed Survey [Mar] 8:30a Industrial Prod. [Feb] 9:15a Bus. Inventories [Jan] 10a Empire Manuf. [Mar] 8:30a Mich. Cons. Sent. [Mar P] 10a NAHB Index [Mar] 10a JOLTS [Jan] 10a TIC [Jan] 4p Current Account [Q4] 8:30a LEI [Feb] 10a Durable Goods [Feb] 8:30a Existing Home Sales [Feb] 10a New Home Sales [Feb] 10a FOMC Statement 2p State Employment [Feb] 10a Press Conference 2:30p S&P/C-S Home Prices [Jan] 9a GDP [Q4 3rd] 8:30a Pers. Inc. & Spend. [Feb] 8:30a Chicago PMI [Mar] 9:45a Cons. Confidence [Mar] 10a Pending Home Sales [Feb] 10a Mich. Cons. Sent. [Mar F] 10a Good Friday [Markets Closed]

5 April ISM Manufacturing [Mar] 10a Vehicle Sales [Mar] 3p ADP Employment [Mar] 8:15a U.S. Int. Trade [Feb] 8:30a Employment [Mar] 8:30a Const. Spending [Feb] 10a ISM Non-Manuf. [Mar] 10a Consumer Credit [Feb] 3p Factory Orders [Feb] 10a NFIB Small Bus. [Mar] 6a CPI [Mar] 8:30a Imp. Price Index [Mar] 8:30a Mich. Cons. Sent. [Apr P] 10a PPI [Mar] 8:30a Federal Budget [Mar] 2p JOLTS [Feb] 10a FOMC Minutes [Mar] 2p Retail Sales [Mar] 8:30a Housing Starts [Mar] 8:30a Fed Beige Book 2p Philly Fed Survey [Apr] 8:30a State Employment [Mar] 10a Empire Manuf. [Apr] 8:30a Industrial Prod. [Mar] 9:15a LEI [ Mar] 10a Bus. Inventories [Feb] 10a NAHB Index [Apr] 10a TIC [Feb] 4p Existing Home Sales [Mar] 10a S&P/C-S Home Prices [Feb] 9a ECB Announcement 7:45a GDP [Q1 1st] 8:30a New Home Sales [Mar] 10a Durable Goods [Mar] 8:30a ECI [Q1] 8:30a Cons. Confidence [Apr] 10a Mich. Cons. Sent. [Apr F] 10a Pers. Inc. & Spend. [Mar] 8:30a Chicago PMI [Apr] 9:45a Pending Home Sales [Mar] 10a

6 May ISM Manufacturing [Apr] 10a ADP Employment [Apr] 8:15a Productivity [Q1 1st] 8:30a Employment [Apr] 8:30a Const. Spending [Mar] 10a FOMC Statement 2p U.S. Int. Trade [Mar] 8:30a Vehicle Sales [Apr] 3p ISM Non-Manuf. [Apr] 10a Factory Orders [Mar] 10a Consumer Credit [Mar] 3p NFIB Small Bus. [Apr] 6a PPI [Apr] 8:30a CPI [Apr] 8:30a Imp. Price Index [Apr] 8:30a JOLTS [Mar] 10a Federal Budget [Apr] 2p Mich. Cons. Sent. [May P] 10a Retail Sales [Apr] 8:30a Housing Starts [Apr] 8:30a Philly Fed Survey [May] 8:30a State Employment [Apr] 10a Empire Manuf. [May] 8:30a Industrial Prod. [Apr] 9:15a LEI [Apr] 10a Bus. Inventories [Mar] 10a NAHB Index [May] 10a TIC [Mar] 4p New Home Sales [Apr] 10a Existing Home Sales [Apr] 10a Durable Goods [Apr] 8:30a FOMC Minutes [May] 2p Mich. Cons. Sent. [May F] 10a S&P/C-S Home Prices [Mar] 9a ADP Employment [May] 8:15a Pers. Inc. & Spend. [Apr] 8:30a Memorial Day Cons. Confidence [May] 10a GDP [Q1 2nd] 8:30a Chicago PMI [May] 9:45a [Markets Closed] Fed Beige Book 2p Pending Home Sales [Apr] 10a

7 June 2018 Employment [May] 8:30a ISM Manufacturing [May] 10a Const. Spending [Apr] 10a Vehicle Sales [May] 3p Factory Orders [Apr] 10a ISM Non-Manuf. [May] 10a Productivity [Q1 2nd] 8:30a Consumer Credit [Apr] 3p JOLTS [Apr] 10a U.S. Int. Trade [Apr] 8:30a NFIB Small Bus. [May] 6a PPI [May] 8:30a ECB Announcement 7:45a Empire Manuf. [Jun] 8:30a CPI [May] 8:30a FOMC Statement 2p Imp. Price Index [May] 8:30a Industrial Prod. [May] 9:15a Federal Budget [May] 2p Press Conference 2:30p Retail Sales [May] 8:30a Mich. Cons. Sent. [Jun P] 10a Bus. Inventories [Apr] 10a State Employment [May] 10a TIC [Apr] 4p NAHB Index [Jun] 10a Housing Starts [May] 8:30a Current Account [Q1] 8:30a Philly Fed Survey [Jun] 8:30a Existing Home Sales [May] 10a LEI [May] 10a New Home Sales [May] 8:30a S&P/C-S Home Prices [Apr] 9a Durable Goods [May] 8:30a GDP [Q1 3rd] 8:30a Pers. Inc. & Spend. [May] 8:30a Cons. Confidence [Jun] 10a Pending Home Sales [May] 10a Chicago PMI [Jun] 9:45a Mich. Cons. Sent. [Jun F] 10a

8 July ISM Manufacturing [Jun] 10a Factory Orders [May] 10a ADP Employment [Jun] 8:15a Employment [Jun] 8:30a Const. Spending [May] 10a Vehicle Sales [Jun] 3p Independence Day ISM Non-Manuf. [Jun] 10a U.S. Int. Trade [May] 8:30a [Markets Closed] FOMC Minutes [Jun] 2p Early Bond Market Close Observing Independence Day Consumer Credit [May] 3p NFIB Small Bus. [Jun] 6a PPI [Jun] 8:30a CPI [Jun] 8:30a Imp. Price Index [Jun] 8:30a JOLTS [May] 10a Federal Budget [Jun] 2p Mich. Cons. Sent. [Jul P] 10a Retail Sales [Jun] 8:30a Industrial Prod. [Jun] 9:15a Housing Starts [Jun] 8:30a Philly Fed Survey [Jul] 8:30a State Employment [Jun] 10a Empire Manuf. [Jul] 8:30a NAHB Index [Jul] 10a Fed Beige Book 2p LEI [Jun] 10a Bus. Inventories [May] 10a TIC [May] 4p Existing Home Sales [Jun] 10a New Home Sales [Jun] 10a ECB Announcement 7:45a GDP [Q2 1st] 8:30a Durable Goods [Jun] 8:30a Mich. Cons. Sent. [Jul F] 10a Pending Home Sales [Jun] 10a ECI [Q2] 8:30a Pers. Inc. & Spend. [Jun] 8:30a S&P/C-S Home Prices [May] 9a Chicago PMI [Jul] 9:45a Cons. Confidence [Jul] 10a

9 August ADP Employment [Jul] 8:15a Factory Orders [Jun] 10a Employment [Jul] 8:30a ISM Manufacturing [Jul] 10a U.S. Int. Trade [Jun] 8:30a Const. Spending [Jun] 10a ISM Non-Manuf. [Jul] 10a FOMC Statement 2p Vehicle Sales [Jul] 3p JOLTS [Jun] 10a PPI [Jul] 8:30a CPI [Jul] 8:30a Consumer Credit [Jun] 3p Federal Budget [Jul] 2p NFIB Small Bus. [Jul] 6a Productivity [Q2 1st] 8:30a Housing Starts [Jul] 8:30a LEI [Jul] 10a Imp. Price Index [Jul] 8:30a Retail Sales [Jul] 8:30a Philly Fed Survey [Aug] 8:30a Mich. Cons. Sent. [Aug P] 10a Empire Manuf. [Aug] 8:30a Industrial Prod. [Jul] 9:15a Bus. Inventories [Jun] 10a NAHB Index [Aug] 10a State Employment [Jul] 10a TIC [Jun] 4p Existing Home Sales [Jul] 10a New Home Sales [Jul] 10a Durable Goods [Jul] 8:30a FOMC Minutes [Aug] 2p S&P/C-S Home Prices [Jun] 9a GDP [Q2 2nd] 8:30a Pers. Inc. & Spend. [Jul] 8:30a Chicago PMI [Aug] 9:45a Cons. Confidence [Aug] 10a Pending Home Sales [Jul] 10a Mich. Cons. Sent. [Aug F] 10a

10 September ISM Manufacturing [Aug] 10a U.S. Int. Trade [Jul] 8:30a ADP Employment [Aug] 8:15a Employment [Aug] 8:30a Labor Day Const. Spending [Jul] 10a Productivity [Q2 2nd] 8:30a [Markets Closed] Vehicle Sales [Aug] 3p ISM Non-Manuf. [Aug] 10a Factory Orders [Jul] 10a Consumer Credit [Jul] 3p NFIB Small Bus. [Aug] 6a PPI [Aug] 8:30a ECB Announcement 7:45a Imp. Price Index [Aug] 8:30a JOLTS [Jul] 10a CPI [Aug] 8:30a Retail Sales [Aug] 8:30a Federal Budget [Aug] 2p Industrial Prod. [Aug] 9:15a Bus. Inventories [Jul] 10a Mich. Cons. Sent. [Sep P] 10a Empire Manuf. [Sep] 8:30a NAHB Index [Sep] 10a Current Account [Q2] 8:30a Philly Fed Survey [Sep] 8:30a State Employment [Aug] 10a TIC [Jul] 4p Housing Starts [Aug] 8:30a Existing Home Sales [Aug] 10a LEI [Aug] 10a S&P/C-S Home Prices [Jul] 9a New Home Sales [Aug] 10a GDP [Q2 3rd] 8:30a Pers. Inc. & Spend. [Aug] 8:30a Cons. Confidence [Sep] 10a FOMC Statement 2p Durable Goods [Aug] 8:30a Chicago PMI [Sep] 9:45a FOMC Conference 2:30p Pending Home Sales [Aug] 10a Mich. Cons. Sent. [Sep F] 10a

11 October ISM Manufacturing [Sep] 10a Vehicle Sales [Sep] 3p ADP Employment [Sep] 8:15a Factory Orders [Aug] 10a Employment [Sep] 8:30a Const. Spending [Aug] 10a ISM Non-Manuf. [Sep] 10a U.S. Int. Trade [Aug] 8:30a Consumer Credit [Aug] 3p NFIB Small Bus. [Sep] 6a PPI [Sep] 8:30a CPI [Sep] 8:30a Imp. Price Index [Sep] 8:30a Federal Budget [Sep] 2p Mich. Cons. Sent. [Oct P] 10a Retail Sales [Sep] 8:30a Industrial Prod. [Sep] 9:15a Housing Starts [Sep] 8:30a Philly Fed Survey [Oct] 8:30a Existing Home Sales [Sep] 10a Empire Manuf. [Oct] 8:30a JOLTS [Aug] 10a FOMC Minutes [Sep] 2p LEI [Sep] 10a State Employment [Sep] 10a Bus. Inventories [Aug] 10a NAHB Index [Oct] 10a TIC [Aug] 4p New Home Sales [Sep] 10a ECB Announcement 7:45a GDP [Q3 1st] 8:30a Durable Goods [Sep] 8:30a Mich. Cons. Sent. [Oct F] 10a Pending Home Sales [Sep] 10a Fed Beige Book 2p Pers. Inc. & Spend. [Sep] 8:30a S&P/C-S Home Prices [Aug] 9a ADP Employment [Oct] 8:15a Cons. Confidence [Oct] 10a ECI [Q3] 8:30a Chicago PMI [Oct] 9:45a

12 November Productivity [Q3 1st] 8:30a Employment [Oct] 8:30a ISM Manufacturing [Oct] 10a U.S. Int. Trade [Sep] 8:30a Const. Spending [Sep] 10a Factory Orders [Sep] 10a Vehicle Sales [Oct] 3p ISM Non-Manuf. [Oct] 10a JOLTS [Sep] 10a Consumer Credit [Sep] 3p FOMC Statement 2p PPI [Oct] 8:30a Mich. Cons. Sent. [Nov P] 10a Federal Budget [Oct] 2p NFIB Small Bus. [Oct] 6a CPI [Oct] 8:30a Imp. Price Index [Oct] 8:30a Industrial Prod. [Oct] 9:15a Retail Sales [Oct] 8:30a State Employment [Oct] 10a Philly Fed Survey [Nov] 8:30a TIC [Sep] 4p Empire Manuf. [Nov] 8:30a Bus. Inventories [Sep] 10a NAHB Index [Nov] 10a Housing Starts [Oct] 8:30a Durable Goods [Oct] 8:30a Existing Home Sales [Oct] 10a LEI [Oct] 10a Mich. Cons. Sent. [Nov F] 10a Thanksgiving Day [Markets Closed] Early Bond Market Close Observing Thanksgiving Day S&P/C-S Home Prices [Sep] 9a GDP [Q3 2nd] 8:30a Pers. Inc. & Spend. [Oct] 8:30a Chicago PMI [Nov] 9:45a Cons. Confidence [Nov] 10a New Home Sales [Oct] 10a Pending Home Sales [Oct] 10a FOMC Minutes [Nov] 2p

13 December ISM Manufacturing [Nov] 10a ADP Employment [Nov] 8:15a U.S. Int. Trade [Oct] 8:30a Employment [Nov] 8:30a Const. Spending [Oct] 10a Productivity [Q3 2nd] 8:30a Factory Orders [Oct] 10a Mich. Cons. Sent. [Dec P] 10a Vehicle Sales [Nov] 3p ISM Non-Manuf. [Nov] 10a Consumer Credit [Oct] 3p Fed Beige Book 2p JOLTS [Oct] 10a NFIB Small Bus. [Nov] 6a CPI [Nov] 8:30a ECB Announcement 7:45a Retail Sales [Nov] 8:30a PPI [Nov] 8:30a Federal Budget [Nov] 2p Imp. Price Index [Nov] 8:30a Industrial Proud. [Nov] 9:15a Bus. Inventories [Oct] 10a Empire Manuf. [Dec] 8:30a Housing Starts [Nov] 8:30a Current Account [Q3] 8:30a Philly Fed Survey [Dec] 8:30a GDP [Q3 3rd] 8:30a NAHB Index [Dec] 10a Existing Home Sales [Nov] 10a LEI [Nov] 10a Pers. Inc. & Spend. [Nov] 8:30a TIC [Oct] 4p FOMC Statement 2p Durable Goods [Nov] 8:30a Press Conference 2:30p Mich. Cons. Sent. [Dec F] 10a State Employment [Nov] 10a Early Bond Market Close S&P/C-S Home Prices [Oct] 9a New Home Sales [Nov] 10a Pending Home Sales [Nov] 10a Observing Christmas Day Christmas Day Cons. Confidence [Dec] 10a [Markets Closed] Chicago PMI [Dec] 9:45a

14 Wells Fargo Securities Economics Group Diane Schumaker-Krieg Global Head of Research, Economics & Strategy (704) (212) John E. Silvia, Ph.D. Chief Economist (704) Mark Vitner Senior Economist (704) Jay H. Bryson, Ph.D. Global Economist (704) Sam Bullard Senior Economist (704) Nick Bennenbroek Currency Strategist (212) Eugenio J. Alemán, Ph.D. Senior Economist (704) Azhar Iqbal Econometrician (704) Tim Quinlan Senior Economist (704) Eric Viloria, CFA Currency Strategist (212) Sarah House Economist (704) Michael A. Brown Economist (704) Jamie Feik Economist (704) Erik Nelson Currency Strategist (212) Michael Pugliese Economic Analyst (704) Harry Pershing Economic Analyst (704) Hank Carmichael Economic Analyst (704) Ariana Vaisey Economic Analyst (704) Abigail Kinnaman Economic Analyst (704) Shannon Seery Economic Analyst (704) Donna LaFleur Executive Assistant (704) Dawne Howes Administrative Assistant (704) Wells Fargo Securities Economics Group publications are produced by Wells Fargo Securities, LLC, a U.S. broker-dealer registered with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the Securities Investor Protection Corp. Wells Fargo Securities, LLC, distributes these publications directly and through subsidiaries including, but not limited to, Wells Fargo & Company, Wells Fargo Bank N.A., Wells Fargo Clearing Services, LLC, Wells Fargo Securities International Limited, Wells Fargo Securities Asia Limited and Wells Fargo Securities (Japan) Co. Limited. Wells Fargo Securities, LLC. is registered with the Commodities Futures Trading Commission as a futures commission merchant and is a member in good standing of the National Futures Association. Wells Fargo Bank, N.A. is registered with the Commodities Futures Trading Commission as a swap dealer and is a member in good standing of the National Futures Association. Wells Fargo Securities, LLC. and Wells Fargo Bank, N.A. are generally engaged in the trading of futures and derivative products, any of which may be discussed within this publication. Wells Fargo Securities, LLC does not compensate its research analysts based on specific investment banking transactions. Wells Fargo Securities, LLC s research analysts receive compensation that is based upon and impacted by the overall profitability and revenue of the firm which includes, but is not limited to investment banking revenue. The information and opinions herein are for general information use only. Wells Fargo Securities, LLC does not guarantee their accuracy or completeness, nor does Wells Fargo Securities, LLC assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Such information and opinions are subject to change without notice, are for general information only and are not intended as an offer or solicitation with respect to the purchase or sales of any security or as personalized investment advice. Wells Fargo Securities, LLC is a separate legal entity and distinct from affiliated banks and is a wholly owned subsidiary of Wells Fargo & Company 2017 Wells Fargo Securities, LLC. Important Information for Non-U.S. Recipients For recipients in the EEA, this report is distributed by Wells Fargo Securities International Limited ( WFSIL ). WFSIL is a U.K. incorporated investment firm authorized and regulated by the Financial Conduct Authority. The content of this report has been approved by WFSIL a regulated person under the Act. For purposes of the U.K. Financial Conduct Authority s rules, this report constitutes impartial investment research. WFSIL does not deal with retail clients as defined in the Markets in Financial Instruments Directive The FCA rules made under the Financial Services and Markets Act 2000 for the protection of retail clients will therefore not apply, nor will the Financial Services Compensation Scheme be available. This report is not intended for, and should not be relied upon by, retail clients. This document and any other materials accompanying this document (collectively, the Materials ) are provided for general informational purposes only. SECURITIES: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE This publication is available at. IHA

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