US: Economic Data Calendar

             Data

Date    ET   thru                                  Prior Report    Forecast

22-Mar  0745 19-Mar ICSC-UBS Store Sales           +0.6% w/w, +3.4% y/y

22-Mar  0830 Feb-05 Producer Price Index           +0.3%           +0.3%

22-Mar  0830 Feb-05 PPI ex food & energy           +0.8%           +0.2%

22-Mar  0855 19-Mar Redbook Average                -0.9% thru wk 2

22-Mar  1000 Mar-05 Richmond Fed Mfg Index         4               ---

22-Mar  1415 ---    FOMC Meeting Announcement      +25 bp to 2.50% +25 bp to

2.75%

22-Mar  1700 21-Mar ABC/Wash Post Cons Conf Index  -8              ---

23-Mar  0700 18-Mar MBA Mortgage Application Index +3.2% to 727.6  ---

23-Mar  0830 Feb-05 Consumer Price Index           +0.1%           +0.3%

23-Mar  0830 Feb-05 CPI ex food & energy           +0.2%           +0.2%

23-Mar  1000 Feb-05 Existing Home Sales (NAR)      6.80 mn         6.70 mn

23-Mar  1030 18-Mar EIA Crude Oil Stocks           +2.6 mn to 305.2 mn bbls

24-Mar  0730 Feb-05 Building Permits Revision      ---

24-Mar  0830 19-Mar Jobless Claims                 -10k to 317k    -2k to 315k

24-Mar  0830 Feb-05 Durable Goods Orders           -0.9%           +1.0%

24-Mar  0830 Feb-05 Durable Goods excl Defense     -0.8%

24-Mar  0830 Feb-05 Durable Goods excl Trans       +0.8%

24-Mar  0830 Feb-05 New Home Sales                 1.106 mn        1.150 mn

24-Mar  1000 Feb-05 BLS Mass Layoffs               263,952         ---

24-Mar  1030 18-Mar EIA Nat Gas Stocks             -95 bn to 1379 bn cubic ft

24-Mar  1630 14-Mar Money Supply (M2)              -$6.7 bn

25-Mar              Good Friday Holiday            ---             ---

29-Mar  0745 26-Mar ICSC-UBS Store Sales           ---

29-Mar  0855 26-Mar Redbook Average                ---

29-Mar  1000 Mar-05 Consumer Confidence (CB)       104.0

29-Mar  1700 28-Mar ABC/Wash Post Cons Conf Index  ---

30-Mar  0600 Mar-05 Hudson Employment Index        ---

30-Mar  0700 25-Mar MBA Mortgage Application Index ---             ---

30-Mar  0830 4Q-04  GDP (f)                        +3.8% (p)       ---

30-Mar  0830 4Q-04  Chain Price Index (f)          +2.1% (p)       ---

30-Mar  0830 4Q-04  Corporate Profits              ---             ---

30-Mar  1030 25-Mar EIA Crude Oil Stocks           ---

30-Mar  1500 Mar-05 Agriculture Prices             +1.8%

31-Mar  0600 Feb-05 Monster Employment Index       122             ---

31-Mar  0830 26-Mar Jobless Claims                 ---             ---

31-Mar  0830 Feb-05 Personal Income                -2.3%           ---

31-Mar  0830 Feb-05 Personal Expenditures          0.0%            ---

31-Mar  0900 Mar-05 NY NAPM                        340.4           ---

31-Mar  1000 Feb-05 BLS State Unemployment         ---

31-Mar  1000 Mar-05 Chicago Purchasers Index       62.7            ---

31-Mar  1000 Feb-05 Help-wanted Index              41

31-Mar  1000 Feb-05 Factory Orders                 +0.2%           ---

31-Mar  1030 25-Mar EIA Nat Gas Stocks

31-Mar  1630 21-Mar Money Supply (M2)              ---

01-Apr  ---  Mar-05 Domestic Car Sales             5.3 mn          ---

01-Apr  ---  Mar-05 Domestic Lt Trucks Sales       7.7 mn          ---

01-Apr  0830 Mar-05 Non-farm Payrolls              +262k           +225k

01-Apr  0830 Mar-05 Mfg Payrolls                   +20k            ---

01-Apr  0830 Mar-05 Unemployment Rate              5.4%            5.4%

01-Apr  0830 Mar-05 Avg Hourly Earnings Mo/Mo      0.0%            ---

01-Apr  0830 Mar-05 Avg Hourly Earnings Yr/Yr      +2.5%

01-Apr  0830 Mar-05 Average Workweek               33.7            ---

01-Apr  0945 Mar-05 Consumer Sentiment (UM) (f)    92.9 (p)        ---

01-Apr  1000 Mar-05 ISM Index                      55.3            55.0

01-Apr  1000 Mar-05 ISM Prices Paid                65.5            ---

01-Apr  1000 Feb-05 Construction Spending          +0.7%           ---

05-Apr  0745 02-Apr ICSC-UBS Store Sales           ---

05-Apr  0855 02-Apr Redbook Average                ---             ---

05-Apr  1000 Mar-05 ISM Non-Mfg Index              59.8

05-Apr  1000 Mar-05 Challenger Layoffs             108,387         ---

06-Apr  0700 01-Apr MBA Mortgage Application Index ---

06-Apr  1030 01-Apr EIA Crude Oil Stocks           ---

06-Apr  1500 Mar-05 Treasury STRIPS                +$1.3 bn

06-Apr  1700 04-Apr ABC/Wash Post Cons Conf Index

07-Apr  ---  Mar-05 Store Sales                    ---             ---

07-Apr  0830 02-Apr Jobless Claims                 ---             ---

07-Apr  0830 Apr-05 Cambridge Consumer Index       59

07-Apr  1000 Feb-05 Wholesale Inventories          +1.1%

07-Apr  1030 01-Apr EIA Nat Gas Stocks

07-Apr  1500 Feb-05 Consumer Credit                +$11.5 bn       ---

07-Apr  1630 28-Mar Money Supply (M2)              ---

11-Apr  1000 Mar-05 Kansas City Fed Survey         32              ---

12-Apr  0745 09-Apr ICSC-UBS Store Sales           ---

12-Apr  0830 Feb-05 Intl Trade Balance             -$58.3 bn       ---

12-Apr  0855 09-Apr Redbook Average                ---

12-Apr  1000 Apr-05 IBD/TIPP Econ Optimism Index   53.0            ---

12-Apr  1000 Apr-05 BLS Job Openings               2.4%            ---

12-Apr  1400 ---    FOMC Meeting Minutes (March 22

12-Apr  1400 Mar-05 Treasury Statement             -$113.9 bn      ---

                     Mar-04 -$72.9 bn

13-Apr  0700 08-Apr MBA Mortgage Application Index ---

13-Apr  0830 Mar-05 NY Fed Real Tech Pulse Index   27.1% 12-mo grwth rate

13-Apr  0830 Mar-05 Retail & Food Sales            +0.5%           ---

13-Apr  0830 Mar-05 Retail & Food ex Motor Vehicle +0.4%

13-Apr  1030 08-Apr EIA Crude Oil Stocks           ---

13-Apr  1700 11-Apr ABC/Wash Post Cons Conf Index  ---

14-Apr  0830 09-Apr Jobless Claims                 ---             ---

14-Apr  0830 Feb-05 Business Inventories           +0.9%           ---

14-Apr  1030 08-Apr EIA Nat Gas Stocks

14-Apr  1630 08-Apr Money Supply (M2)              ---

15-Apr  0830 Apr-05 NY Fed Empire State Survey     19.61           ---

15-Apr  0830 Mar-05 Import Price Index             +0.8%           ---

15-Apr  0830 Mar-05 Export Price Index             0.0%            ---

15-Apr  0900 Feb-05 Tsy Intl Capital System        +$91.5 bn       ---

15-Apr  0915 Mar-05 Industrial Production          +0.3%           ---

15-Apr  0915 Mar-05 Capacity Utilization           79.4%           ---

15-Apr  0945 Apr-05 Consumer Sentiment (UM) (p)    ---             ---

18-Apr  1300 Apr-05 Housing Market Index (NAHB)    69