Economics Group
2017 Economic Calendar
This publication is available at wellsfargo.com/economics.
January 2017
Sunday
Monday
Tuesday
1
Wednesday
2
New Year's Day
Thursday
3
Friday
4
Saturday
5
6
7
13
14
Const. Spending [Nov] 10a
FOMC Minutes [Dec] 2p
ADP Employment [Dec] 8:15a
Employment [Dec] 8:30a
ISM Manufacturing [Dec] 10a
Vehicle Sales [Dec] 3p
ISM Non-Manuf. [Dec] 10a
U.S. Int. Trade [Nov] 8:30a
Factory Orders [Nov] 10a
Market Closed
Observing New Year's Day
8
9
Consumer Credit [Nov] 3p
10
11
12
NFIB Small Bus. [Dec] 6a
Imp. Price Index [Dec] 8:30a
Retail Sales [Dec] 8:30a
JOLTS [Nov] 10a
Federal Budget [Dec] 2p
PPI [Dec] 8:30a
Bus. Inventories [Nov] 10a
Mich. Cons. Sent. [Jan P] 10a
15
16
17
Empire Manuf. [Jan] 8:30a
Martin Luther
King, Jr. Day
[Markets Closed]
18
19
CPI [Dec] 8:30a
ECB Announcement 7:45a
Industrial Prod. [Dec] 9:15a
Housing Starts [Dec] 8:30a
NAHB Index [Jan] 10a
Philly Fed Survey [Jan] 8:30a
20
21
27
28
Fed Beige Book 2p
TIC [Nov] 4p
22
23
24
25
26
Existing Home Sales [Dec] 10a
New Home Sales [Dec] 10a
GDP [Q4 1st] 8:30a
State Employment [Dec] 10a
LEI [Dec] 10a
Durable Goods [Dec] 8:30a
Mich. Cons. Sent. [Jan F] 10a
29
30
31
Pers. Inc. & Spend. [Dec] 8:30a
ECI [Q4] 8:30a
Pending Home Sales [Dec] 10a
S&P/C-S Home Prices [Nov] 9a
Chicago PMI [Jan] 9:45a
Cons. Confidence [Jan] 10a
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All Times EST
February 2017
Sunday
Monday
Tuesday
Wednesday
Thursday
1
ADP Employment [Jan] 8:15a
Friday
Saturday
2
Productivity [Q4 1st] 8:30a
3
4
10
11
Employment [Jan] 8:30a
Const. Spending [Dec] 10a
Factory Orders [Dec] 10a
ISM Manufacturing [Jan] 10a
ISM Non-Manuf. [Jan] 10a
FOMC Statement 2p
Vehicle Sales [Jan] 3p
5
6
12
7
8
9
U.S. Int. Trade [Dec] 8:30a
Imp. Price Index [Jan] 8:30a
JOLTS [Dec] 10a
Mich. Cons. Sent. [Feb P] 10a
Consumer Credit [Dec] 3p
Federal Budget [Jan] 2p
13
14
15
16
NFIB Small Bus. [Jan] 6a
Empire Manuf. [Feb] 8:30a
Housing Starts [Jan] 8:30a
PPI [Jan] 8:30a
Retail Sales [Jan] 8:30a
Philly Fed Survey [Feb] 8:30a
17
18
24
25
LEI [Jan] 10a
CPI [Jan] 8:30a
Industrial Prod. [Jan] 9:15a
Bus. Inventories [Dec] 10a
NAHB Index [Feb] 10a
TIC [Dec] 4p
19
20
21
Presidents' Day
22
23
Existing Home Sales [Jan] 10a
New Home Sales [Jan] 10a
FOMC Minutes [Feb] 2p
Mich. Cons. Sent. [Feb F] 10a
[Markets Closed]
26
27
28
Durable Goods [Jan] 8:30a
GDP [Q4 2nd] 8:30a
Pending Home Sales [Jan] 10a
S&P/C-S Home Prices [Dec] 9a
Chicago PMI [Feb] 9:45a
Cons. Confidence [Feb] 10a
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All Times EST
March 2017
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
1
Saturday
2
3
Pers. Inc. & Spend [Jan] 8:30a
ADP Employment [Feb] 8:15a
Const. Spending [Jan] 10a
ISM Non-Manuf. [Feb] 10a
4
ISM Manufacturing [Feb] 10a
Fed Beige Book 2p
Vehicle Sales [Feb] 3p
5
6
Factory Orders [Jan] 10a
7
U.S. Int. Trade [Jan] 8:30a
8
Productivity [Q4 2nd] 8:30a
Consumer Credit [Jan] 3p
12
13
State Employment [Jan] 10a
14
9
ECB Announcement 7:45a
Employment [Feb] 8:30a
Imp. Price Index [Feb] 8:30a
Federal Budget [Feb] 2p
15
16
10
11
17
18
NFIB Small Bus. [Feb] 6a
CPI [Feb] 8:30a
Housing Starts [Feb] 8:30a
Industrial Prod. [Feb] 9:15a
PPI [Feb] 8:30a
Retail Sales [Feb] 8:30a
Philly Fed Survey [Mar] 8:30a
LEI [Feb] 10a
Empire Manuf. [Mar] 8:30a
JOLTS [Jan] 10a
Mich. Cons. Sent. [Mar P] 10a
Bus. Inventories [Jan] 10a
NAHB Index [Mar] 10a
FOMC Statement 2p
Press Conference 2:30p
TIC [Jan] 4p
19
20
21
Current Account [Q4] 8:30a
22
Existing Home Sales [Feb] 10a
23
New Home Sales [Feb] 10a
24
25
Durable Goods [Feb] 8:30a
State Employment [Feb] 10a
26
27
28
S&P/C-S Home Prices [Jan] 9a
Cons. Confidence [Mar] 10a
29
Pending Home Sales [Feb] 10a
30
GDP [Q4 3rd] 8:30a
31
Pers. Inc. & Spend [Feb] 8:30a
Chicago PMI [Mar] 9:45a
Mich. Cons. Sent. [Mar F] 10a
Vehicle Sales [Mar] 3p
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All Times EST
April 2017
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
1
2
3
4
5
6
7
8
14
15
Const. Spending [Feb] 10a
U.S. Int. Trade [Feb] 8:30a
ADP Employment [Mar] 8:15a
Employment [Mar] 8:30a
ISM Manufacturing [Mar] 10a
Factory Orders [Feb] 10a
ISM Non-Manuf. [Mar] 10a
Consumer Credit [Feb] 3p
Vehicle Sales [Mar] 3p
Federal Budget [Dec] 2p
FOMC Minutes [Mar] 2p
9
10
11
12
NFIB Small Bus. [Mar] 6a
Imp. Price Index [Mar] 8:30a
JOLTS [Feb] 10a
Federal Budget [Mar] 2p
13
PPI [Mar] 8:30a
CPI [Mar] 8:30a
Retail Sales [Mar] 8:30a
Bus. Inventories [Feb] 10a
Mich. Cons. Sent. [Apr P] 10a
Good Friday
Early Bond Market Close
[Markets Closed]
Observing Good Friday
16
17
18
Empire Manuf. [Apr] 8:30a
Housing Starts [Mar] 8:30a
NAHB Index [Apr] 10a
Industrial Prod. [Mar] 9:15a
19
Fed Beige Book 2p
20
21
Philly Fed Survey [Apr] 8:30a
Existing Home Sales [Mar] 10a
LEI [Mar] 10a
State Employment [Mar] 10a
22
TIC [Feb] 4p
23
24
30
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25
26
27
28
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
Pending Home Sales [Mar] 10a
Chicago PMI [Apr] 9:45a
29
Mich. Cons. Sent. [Apr F] 10a
All Times EST
May 2017
Sunday
Monday
Tuesday
Wednesday
1
Const. Spending [Mar] 10a
2
Vehicle Sales [Apr] 3p
ISM Manufacturing [Apr] 10a
7
Thursday
8
3
Friday
4
ADP Employment [Apr] 8:15a
Productivity [Q1 1st] 8:30a
Employment [Apr] 8:30a
ISM Non-Manuf. [Apr] 10a
U.S. Int. Trade [Mar] 8:30a
Consumer Credit [Mar] 3p
FOMC Statement 2p
Factory Orders [Mar] 10a
9
10
NFIB Small Bus. [Apr] 6a
Imp. Price Index [Apr] 8:30a
JOLTS [Mar] 10a
Federal Budget [Apr] 2p
Saturday
11
PPI [Apr] 8:30a
5
6
12
13
CPI [Apr] 8:30a
Retail Sales [Apr] 8:30a
Bus. Inventories [Mar] 10a
Mich. Cons. Sent. [May P] 10a
14
15
16
17
18
Empire Manuf. [May] 8:30a
Housing Starts [Apr] 8:30a
Philly Fed Survey [May] 8:30a
NAHB Indes [May] 10a
Industrial Prod. [Apr] 9:15a
LEI [Apr] 10a
19
20
State Employment [Apr] 10a
TIC [Mar] 4p
21
22
23
New Home Sales [Apr] 10a
24
25
26
Existing Home Sales [Apr] 10a
GDP [Q1 2nd] 8:30a
FOMC Minutes [Apr] 2p
Durable Goods [Apr] 8:30a
27
Mich. Cons. Sent. [May F] 10a
Early Bond Market Close
Observing Memorial Day
28
29
Memorial Day
[Markets Closed]
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30
31
Pers. Inc. & Spend. [Apr] 8:30a
Chicago PMI [May] 9:45a
S&P/C-S Home Prices [Mar] 9a
Pending Home Sales [Apr] 10a
Cons. Confidence [May] 10a
Fed Beige Book 2p
All Times EST
June 2017
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
1
2
3
9
10
16
17
ADP Employment [May] 8:15a
Employment [May] 8:30a
Const. Spending [Apr] 10a
U.S. Int. Trade [Apr] 8:30a
ISM Manufacturing [May] 10a
Vehicle Sales [May] 3p
4
5
Factory Orders [Apr] 10a
6
JOLTS [Apr] 10a
7
Consumer Credit [Apr] 3p
8
ECB Announcement 7:45a
ISM Non-Manuf. [May] 10a
11
12
Federal Budget [May] 2p
13
14
15
NFIB Small Bus. [May] 6a
Retail Sales [May] 8:30a
Empire Manuf. [Jun] 8:30a
Housing Starts [May] 8:30a
CPI [May] 8:30a
Bus. Inventories [Apr] 10a
Imp. Price Index [May] 8:30a
Mich. Cons. Sent. [Jun P] 10a
PPI [May] 8:30a
FOMC Statement 2p
Philly Fed Survey [Jun] 8:30a
State Employment [May] 10a
Press Conference 2:30p
Industrial Prod. [May] 9:15a
NAHB Index [Jun] 10a
TIC [Apr] 4p
18
19
20
Current Account [Q1] 8:30a
25
26
Durable Goods [May] 8:30a
27
S&P/C-S Home Prices [Apr] 9a
Cons. Confidence [Jun] 10a
21
Existing Home Sales [May] 10a
28
Pending Home Sales [May] 10a
22
LEI [May] 10a
23
24
New Home Sales [May] 10a
29
30
Pers. Inc. & Spend. [May] 8:30a
Chicago PMI [Jun] 9:45a
Mich. Cons. Sent. [Jun F] 10a
Vehicle Sales [Jun] 3p
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All Times EST
July 2017
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
1
2
3
4
Const. Spending [May] 10a
ISM Manufacturing [Jun] 10a
Independence Day
5
ADP Employment [Jun] 8:15a
FOMC Minutes [Jun] 2p
U.S. Int. Trade [May] 8:30a
[Markets Closed]
Vehicle Sales [Jun] 3p
6
Factory Orders [May] 10a
7
8
14
15
Employment [Jun] 8:30a
ISM Non-Manuf. [Jun] 10a
Early Bond Market Close
Observing Independence Day
9
10
Consumer Credit [May] 3p
11
JOLTS [May] 10a
12
Fed Beige Book 2p
13
PPI [Jun] 8:30a
CPI [Jun] 8:30a
Federal Budget [Jun] 2p
Retail Sales [Jun] 8:30a
Industrial Prod. [Jun] 9:15a
Bus. Inventories [May] 10a
Mich. Cons. Sent. [Jul P] 10a
16
17
18
19
NFIB Small Bus. [Jun] 6a
Imp. Price Index [Jun] 8:30a
NAHB Index [Jul] 10a
Philly Fed Survey [Jul] 8:30a
TIC [May] 4p
LEI [Jun] 10a
23
24
Existing Home Sales [Jun] 10a
Housing Starts [Jun] 8:30a
20
Empire Manuf. [Jul] 8:30a
25
ECB Announcement 7:45a
26
S&P/C-S Home Prices [May] 9a
New Home Sales [Jun] 10a
Cons. Confidence [Jul] 10a
FOMC Statement 2p
21
27
Durable Goods [Jun] 8:30a
22
State Employment [Jun] 10a
28
29
GDP [Q2 1st] 8:30a
ECI [Q2] 8:30a
Mich. Cons. Sent. [Jul F] 10a
30
31
Chicago PMI [Jul] 9:45a
Pending Home Sales [Jun] 10a
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All Times EST
August 2017
Sunday
Monday
Tuesday
Wednesday
Thursday
1
Pers. Inc. & Spend. [Jun] 8:30a
2
ADP Employment [Jul] 8:15a
Const. Spending [Jun] 10a
Friday
Saturday
3
Factory Orders [Jun] 10a
Employment [Jul] 8:30a
ISM Non-Manuf. [Jul] 10a
U.S. Int. Trade [Jun] 8:30a
4
5
11
12
18
19
ISM Manufacturing [Jul] 10a
Vehicle Sales [Jul] 3p
6
7
Consumer Credit [Jun] 3p
8
NFIB Small Bus. [Jul] 6a
9
Productivity [Q2 1st] 8:30a
JOLTS [Jun] 10a
13
14
10
PPI [Jul] 8:30a
CPI [Jul] 8:30a
Federal Budget [Jul] 2p
15
16
17
Empire Manuf. [Aug] 8:30a
Housing Starts [Jul] 8:30a
Philly Fed Survey [Aug] 8:30a
State Employment [Jul] 10a
Imp. Price Index [Jul] 8:30a
FOMC Minutes [Jul] 2p
Industrial Prod. [Jul] 9:15a
Mich. Cons. Sent. [Aug P] 10a
Retail Sales [Jul] 8:30a
LEI [Jul] 10a
Bus. Inventories [Jun] 10a
NAHB Index [Aug] 10a
TIC [Jun] 4p
20
21
22
23
New Home Sales [Jul] 10a
27
28
29
24
Existing Home Sales [Jul] 10a
30
25
26
Durable Goods [Jul] 8:30a
31
S&P/C-S Home Prices [Jun] 9a
ADP Employment [Aug] 8:15a
Pers. Inc. & Spend. [Jul] 8:30a
Cons. Confidence [Aug] 10a
GDP [Q2 2nd] 8:30a
Chicago PMI [Aug] 9:45a
Pending Home Sales [Jul] 10a
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All Times EST
September 2017
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
1
2
Employment [Aug] 8:30a
Const. Spending [Jul] 10a
ISM Manufacturing [Aug] 10a
Mich. Cons. Sent. [Aug F] 10a
3
4
5
Factory Orders [Jul] 10a
Labor Day
[Markets Closed]
10
6
7
U.S. Int. Trade [Jul] 8:30a
ECB Announcement 7:45a
ISM Non-Manuf. [Aug] 10a
Productivity [Q2 2nd] 8:30a
8
9
15
16
Consumer Credit [Jul] 3p
Fed Beige Book 2p
11
12
13
NFIB Small Bus. [Aug] 6a
PPI [Aug] 8:30a
JOLTS [Jul] 10a
Federal Budget [Aug] 2p
14
CPI [Aug] 8:30a
Empire Manuf. [Sep] 8:30a
Retail Sales [Aug] 8:30a
Industrial Prod. [Aug] 9:15a
Mich. Cons. Sent. [Sep P] 10a
State Employment [Aug] 10a
17
24
18
19
20
21
NAHB Index [Sep] 10a
Current Account [Q2] 8:30a
Existing Home Sales [Aug] 10a
Philly Fed Survey [Sep] 8:30a
TIC [Jul] 4p
Housing Starts [Aug] 8:30a
FOMC Statement 2p
LEI [Aug] 10a
Imp. Price Index [Aug] 8:30a
Press Conference 2:30p
25
26
Durable Goods [Aug] 8:30a
New Home Sales [Aug] 10a
Pending Home Sales [Aug] 10a
Cons. Confidence [Sep] 10a
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27
S&P/C-S Home Prices [Jul] 9a
28
GDP [Q2 3rd] 8:30a
22
23
29
30
Pers. Inc. & Spend. [Aug] 8:30a
Chicago PMI [Sep] 9:45a
Mich. Cons. Sent. [Sep F] 10a
All Times EST
October 2017
Sunday
Monday
Tuesday
1
Wednesday
2
Const. Spending [Aug] 10a
3
Vehicle Sales [Sep] 3p
ISM Manufacturing [Sep] 10a
8
9
4
Friday
U.S. Int. Trade [Aug] 8:30a
Employment [Sep] 8:30a
ISM Non-Manuf. [Sep] 10a
Factory Orders [Aug] 10a
Consumer Credit [Aug] 3p
11
JOLTS [Aug] 10a
Saturday
5
ADP Employment [Sep] 8:15a
10
NFIB Small Bus. [Sep] 6a
Thursday
12
PPI [Sep] 8:30a
6
7
13
14
CPI [Sep] 8:30a
Federal Budget [Sep] 2p
Retail Sales [Sep] 8:30a
FOMC Minutes [Sep] 2p
Bus. Inventories [Aug] 10a
Mich. Cons. Sent. [Oct P] 10a
15
16
Empire Manuf. [Oct] 8:30a
17
18
19
20
Imp. Price Index [Sep] 8:30a
Housing Starts [Sep] 8:30a
Philly Fed Survey [Oct] 8:30a
Existing Home Sales [Sep] 10a
Industrial Prod. [Sep] 9:15a
Fed Beige Book 2p
LEI [Sep] 10a
State Employment [Sep] 10a
21
NAHB Index [Oct] 10a
TIC [Aug] 4p
22
29
23
24
30
Pers. Inc. & Spend. [Sep] 8:30a
25
26
27
Durable Goods [Sep] 8:30a
ECB Announcement 7:45a
GDP [Q3 1st] 8:30a
New Home Sales [Sep] 10a
Pending Home Sales [Sep] 10a
Mich. Cons. Sent. [Oct F] 10a
28
31
ECI [Q3] 8:30a
S&P/C-S Home Prices [Aug] 9a
Chicago PMI [Oct] 9:45a
Cons. Confidence [Oct] 10a
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All Times EST
November 2017
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
1
ADP Employment [Oct] 8:15a
Saturday
2
Productivity [Q3 1st] 8:30a
3
4
10
11
Employment [Oct] 8:30a
Const. Spending [Sep] 10a
U.S. Int. Trade [Oct] 8:30a
ISM Manufacturing [Oct] 10a
Factory Orders [Sep] 10a
FOMC Statement 2p
Vehicle Sales [Oct] 3p
5
6
12
7
8
9
JOLTS [Sep] 10a
Mich. Cons. Sent. [Nov P] 10a
Consumer Credit [Sep] 3p
Federal Budget [Oct] 2p
13
14
15
16
17
NFIB Small Bus. [Oct] 6a
Empire Manuf. [Nov] 8:30a
Imp. Price Index [Oct] 8:30a
Housing Starts [Oct] 8:30a
PPI [Oct] 8:30a
CPI [Oct] 8:30a
Philly Fed Survey [Nov] 8:30a
State Employment [Oct] 10a
Retail Sales [Oct] 8:30a
Industrial Prod. [Oct] 9:15a
Bus. Inventories [Sep] 10a
NAHB Index [Nov] 10a
18
TIC [Sep] 4p
19
20
LEI [Oct] 10a
21
Existing Home Sales [Oct] 10a
22
23
24
25
Durable Goods [Oct] 8:30a
Mich. Cons. Sent. [Nov F] 10a
Thanksgiving Day
[Markets Closed]
FOMC Minutes [Nov] 2p
Early Bond Market Close
Observing Thanksgiving Day
26
27
New Home Sales [Oct] 10a
28
S&P/C-S Home Prices [Sep] 9a
Cons. Confidence [Nov] 10a
29
30
GDP [Q3 2nd] 8:30a
Pers. Inc. & Spend. [Oct] 8:30a
Pending Home Sales [Oct] 10a
Chicago PMI [Nov] 9:45a
Fed Beige Book 2p
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All Times EST
December 2017
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
1
2
Const. Spending [Oct] 10a
ISM Manufacturing [Nov] 10a
Vehicle Sales [Nov] 3p
3
4
Factory Orders [Oct] 10a
10
5
ADP Employment [Dec] 8:15a
ISM Non-Manuf. [Nov] 10a
Productivity [Q3 2nd] 8:30a
11
JOLTS [Oct] 10a
6
U.S. Int. Trade [Oct] 8:30a
12
7
Consumer Credit [Oct] 3p
8
9
Employment [Nov] 8:30a
Mich. Cons. Sent. [Dec P] 10a
13
14
15
NFIB Small Bus. [Nov] 6a
CPI [Nov] 8:30a
ECB Announcement 7:45a
Empire Manuf. [Dec] 8:30a
PPI [Nov] 8:30a
FOMC Statement 2p
Imp. Price Index [Nov] 8:30a
Industrial Prod. [Nov] 9:15a
Federal Budget [Nov] 2p
Press Conference 2:30p
Retail Sales [Nov] 8:30a
TIC [Oct] 4p
16
Bus. Inventories [Oct] 10a
17
18
NAHB Index [Dec] 10a
19
Current Account [Q3] 8:30a
20
Existing Home Sales [Nov] 10a
Housing Starts [Nov] 8:30a
21
22
GDP [Q3 3rd] 8:30a
Durable Goods [Nov] 8:30a
Philly Fed Survey [Dec] 8:30a
Pers. Inc. & Spend. [Nov] 8:30a
LEI [Nov] 10a
New Home Sales [Nov] 10a
23
Mich. Cons. Sent. [Dec F] 10a
State Employment [Nov] 10a
24
25
26
S&P/C-S Home Prices [Oct] 9a
Christmas Day
27
28
29
30
Pending Home Sales [Nov] 10a
Cons. Confidence [Dec] 10a
[Markets Closed]
31
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All Times EST
Wells Fargo Securities Economics Group
Diane Schumaker-Krieg
Global Head of Research, Economics & Strategy
704-410-1801
212-214-5070
[email protected]
John E. Silvia, Ph.D.
Chief Economist
704-410-3275
[email protected]
Mark Vitner
Senior Economist
704-410-3277
[email protected]
Jay H. Bryson, Ph.D.
Global Economist
704-410-3274
[email protected]
Sam Bullard
Senior Economist
704-410-3280
[email protected]
Nick Bennenbroek
Currency Strategist
212-214-5636
[email protected]
Anika R. Khan
Senior Economist
212-214-8543
[email protected]
Eugenio J. Alemán, Ph.D.
Senior Economist
704-410-3273
[email protected]
Azhar Iqbal
Econometrician
704-410-3270
[email protected]
Tim Quinlan
Senior Economist
704-410-3283
[email protected]
Eric Viloria, CFA
Currency Strategist
212-214-5637
[email protected]
Sarah House
Economist
704-410-3282
[email protected]
Michael A. Brown
Economist
704-410-3278
[email protected]
Jamie Feik
Economist
704-410-3291
[email protected]
Erik Nelson
Currency Analyst
212-214-5652
[email protected]
Misa Batcheller
Economic Analyst
704-410-3060
[email protected]
Michael Pugliese
Economic Analyst
704-410-3156
[email protected]
Julianne Causey
Economic Analyst
704-410-3281
[email protected]
E. Harry Pershing
Economic Analyst
704-410-3034
[email protected]
Donna LaFleur
Executive Assistant
704-410-3279
[email protected]
Dawne Howes
Administrative Assistant
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