Economic Calendar: May 9-May 13

Time (EST) Indicator (click for definition) Source (click for press release) Actual Forecast Previous (revised) Previous (original) Monday, May 9 No releases. Tuesday, May 10 9 a.m. ICSC-UBS Weekly Chain Store Sales Snapshot for the week ended May 7 International Council of Shopping Centers and UBS +0.7% n.a. +0.5% +0.5% 9 a.m. Johnson Redbook Retail Sales Index for the week ended May 7, vs. April Redbook Research +3.2% n.a. +2.5% +2.5%* Wednesday, May 11 8:30 a.m. International trade for March Commerce Department -$55.0B -$61.5B -$60.6B -$61.0B 9 a.m. Mortgage Applications Survey for the week ended May 6 -- Market Composite Index Mortgage Bankers Association 781.0 n.a. 714.1 714.1 Purchase Index 526.2 n.a. 482.5 482.5 11 a.m. Consumer Comfort Index for the week ended May 8 ABC News and Washington Post -16 n.a. -19 -19 1:30 p.m. Treasury refunding Bureau of the Public Debt The Treasury announces the results of its five-year note auction, at which $15 billion of securities will be sold, with bids due at 1 p.m. The auction is the first leg of the quarterly refunding, which continues on Thursday. 2 p.m. Federal budget for April FY '05 Treasury Department $57.7B $50.0B $17.6B $17.6B (April FY '04) Thursday, May 12 8:30 a.m. Initial Jobless Claims for the week ended May 7 Labor Department +340,000 +329,000 +336,000 +333,000 Four-week average +324,000 n.a. +322,000 +322,000 8:30 a.m. Retail sales for April Census Bureau +1.4% +0.7% +0.4% +0.3% Ex-autos +1.1% +0.5% +0.2% +0.1% 1:30 p.m. Treasury refunding Bureau of the Public Debt The Treasury announces the results of its 10-year note auction, at which $14 billion of securities will be sold, with bids due at 1 p.m. The auction is the second leg of the quarterly refunding. Friday, May 13 8:30 a.m. Import Price Index for April Labor Department +0.8% n.a. +2.0% +1.8% Export Price Index +0.6% n.a. +0.6% +0.7% 10 a.m. Business inventories for March Census Bureau +0.4% +0.6% +0.5% +0.5% 9:45 a.m. Consumer Sentiment Index for May -- preliminary University of Michigan 85.3 88.0 87.7 87.7 10:30 a.m. Weekly Leading Index for the week ended May 6 Economic Cycle Research Institute +2.9% n.a. +3.0% +3.0%

P-Preliminary forecast
*Month through previous Saturday, vs. prior month
Expectations as reported by Reuters

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