2013 economiccalendar 12212012

Economics Group

2013 Economic Calendar

This publication is available at wellsfargo.com/economics.

www.wellsfargo.com/economics

January 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2 3 4 5ISM Manufacturing [Dec] 10a ADP Employment [Dec] 8:15a Employment [Dec] 8:30a

New Year's Day Const. Spending [Nov] 10a Jobless Claims [Dec 29] 8:30a ISM Non-Manuf. [Dec] 10a

[Markets Closed] Vehicle Sales [Dec] 5p Factory Orders [Nov] 10a

6 7 8 9 10 11 12NFIB Small Bus. [Dec] 7:30a Jobless Claims [Jan 5] 8:30a U.S. Int. Trade [Nov] 8:30a

ECB Announcement 7:45a Imp. Price Index [Dec] 8:30aFederal Budget [Dec] 2p

13 14 15 16 17 18 19Retail Sales [Dec] 8:30a CPI [Dec] 8:30a Housing Starts [Dec] 8:30a Mich. Cons. Sent. [Jan P] 9:55aPPI [Dec] 8:30a TIC [Nov] 9:00a Jobless Claims [Jan 12] 8:30aEmpire Manuf. [Jan] 8:30a Industrial Prod. [Dec] 9:15a Philly Fed Survey [Jan] 10aBus. Inventories [Nov] 10a Fed Beige Book 2p

20 21 22 23 24 25 26Existing Home Sales [Dec] 10a Jobless Claims [Jan 19] 8:30a New Home Sales [Dec] 10a

Martin Luther LEI [Dec] 10a

King, Jr. Day[Markets Closed]

27 28 29 30 31Durable Goods [Dec] 8:30a S&P/C-S Home Prices [Nov] 9a ADP Employment [Jan] 8:15a Pers. Inc. & Spend. [Dec] 8:30a

Cons. Confidence [Jan] 10a GDP [Q4 1st] 8:30a Employment Costs [Q4] 8:30aFOMC Statement 2:15p Jobless Claims [Jan 26] 8:30a

Chicago PMI [Jan] 9:45a

wellsfargo.com/economics All Times EST© 2013 Wells Fargo Securities, LLC. All rights reserved.

February 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2Employment [Jan] 8:30aConst. Spending [Dec] 10aMich. Cons. Sent. [Jan F] 9:55aISM Manufacturing [Jan] 10aVehicle Sales [Jan] 5p

3 4 5 6 7 8 9Factory Orders [Dec] 10a ISM Non-Manuf. [Jan] 10a ECB Announcement 7:45a U.S. Int. Trade [Dec] 8:30a

Productivity [Q4 1st] 8:30aJobless Claims [Feb 2] 8:30aConsumer Credit [Dec] 3p

10 11 12 13 14 15 16NFIB Small Bus. [Jan] 7:30a Retail Sales [Jan] 8:30a Jobless Claims [Feb 9] 8:30a Empire Manuf. [Feb] 8:30aFederal Budget [Jan] 2p Imp. Price Index [Jan] 8:30a TIC [Dec] 9:00a

Bus. Inventories [Dec] 10a Industrial Prod. [Jan] 9:15aMich. Cons. Sent. [Feb P] 9:55a

17 18 19 20 21 22 23PPI [Jan] 8:30a CPI [Jan] 8:30a

President's Day Housing Starts [Jan] 8:30a Jobless Claims [Feb 16] 8:30a

[Markets Closed] FOMC Minutes [Jan] 2p Existing Home Sales [Jan] 10aPhilly Fed Survey [Feb] 10aLEI [Jan] 10a

24 25 26 27 28S&P/C-S Home Prices [Dec] 9a Durable Goods [Jan] 8:30a GDP [Q4 2nd] 8:30aCons. Confidence [Feb] 10a Jobless Claims [Feb 23] 8:30aNew Home Sales [Jan] 10a Chicago PMI [Feb] 9:45a


March 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2Pers. Inc. & Spend. [Jan] 8:30aMich. Cons. Sent. [Feb F] 9:55aConst. Spending [Jan] 10aISM Manufacturing [Feb] 10aVehicle Sales [Feb] 5p

3 4 5 6 7 8 9ISM Non-Manuf. [Feb] 10a ADP Employment [Feb] 8:15a ECB Announcement 7:45a Employment [Feb] 8:30a

Factory Orders [Jan] 10a U.S. Int. Trade [Jan] 8:30aFed Beige Book 2p Productivity [Q4 2nd] 8:30a

Jobless Claims [Mar 2] 8:30aFlow of Funds [Q4] 2pConsumer Credit [Jan] 3p

10 11 12 13 14 15 16NFIB Small Bus. [Feb] 7:30a Retail Sales [Feb] 8:30a PPI [Feb] 8:30a CPI [Feb] 8:30aFederal Budget [Feb] 2p Imp. Price Index [Feb] 8:30a Current Acct. [Q4] 8:30a Empire Manuf. [Mar] 8:30a

Bus. Inventories [Jan] 10a Jobless Claims [Mar 9] 8:30a TIC [Jan] 9:00aIndustrial Prod. [Feb] 9:15aMich. Cons. Sent. [Mar P] 9:55a

17 18 19 20 21 22 23Housing Starts [Feb] 8:30a FOMC Statement/Press Conf. Jobless Claims [Mar 16] 8:30a

Existing Home Sales [Feb] 10aPhilly Fed Survey [Mar] 10aLEI [Feb] 10a

24 25 26 27 28 29 30Durable Goods [Feb] 8:30a GDP [Q4 3rd] 8:30a Pers. Inc. & Spend. [Feb] 8:30aS&P/C-S Home Prices [Jan] 9a Jobless Claims [Mar 23] 8:30a Chicago PMI [Mar] 9:45aCons. Confidence [Mar] 10a Mich. Cons. Sent. [Mar F] 9:55a

31 New Home Sales [Feb] 10a Early Bond Market Close Observing Good Friday Good Friday

[Markets Closed]


April 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2 3 4 5 6Const. Spending [Feb] 10a Factory Orders [Feb] 10a ADP Employment [Mar] 8:15a ECB Announcement 7:45a Employment [Mar] 8:30aISM Manufacturing [Mar] 10a Vehicle Sales [Mar] 5p ISM Non-Manuf. [Mar] 10a Jobless Claims [Mar 30] 8:30a U.S. Int. Trade [Feb] 8:30a

Consumer Credit [Feb] 3p

7 8 9 10 11 12 13NFIB Small Bus. [Mar] 7:30a FOMC Minutes [Mar] 2p Imp. Price Index [Mar] 8:30a Retail Sales [Mar] 8:30a

Federal Budget [Mar] 2p Jobless Claims [Apr 6] 8:30a PPI [Mar] 8:30aMich. Cons. Sent. [Apr P] 9:55aBus. Inventories [Feb] 10a

14 15 16 17 18 19 20Empire Manuf. [Apr] 8:30a CPI [Mar] 8:30a Fed Beige Book 2p Jobless Claims [Apr 13] 8:30aTIC [Feb] 9:00a Housing Starts [Mar] 8:30a Philly Fed Survey [Apr] 10a

Industrial Prod. [Mar] 9:15a LEI [Mar] 10a

21 22 23 24 25 26 27Existing Home Sales [Mar] 10a New Home Sales [Mar] 10a Durable Goods [Mar] 8:30a Jobless Claims [Apr 20] 8:30a GDP [Q1 1st] 8:30a

Mich. Cons. Sent. [Apr F] 9:55a

28 29 30Pers. Inc. & Spend. [Mar] 8:30a Employment Costs [Q1] 8:30a

S&P/C-S Home Prices [Feb] 9aChicago PMI [Apr] 9:45aCons. Confidence [Apr] 10a


May 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2 3 4ADP Employment [Apr] 8:15a ECB Announcement 7:45a Employment [Apr] 8:30aConst. Spending [Mar] 10a U.S. Int. Trade [Mar] 8:30a ISM Non-Manuf. [Apr] 10aISM Manufacturing [Apr] 10a Productivity [Q1 1st] 8:30a Factory Orders [Mar] 10aFOMC Statement 2:15p Jobless Claims [Apr 27] 8:30aVehicle Sales [Apr] 5p

5 6 7 8 9 10 11Consumer Credit [Mar] 3p Jobless Claims [May 4] 8:30a Federal Budget [Apr] 2p

12 13 14 15 16 17 18Retail Sales [Apr] 8:30a NFIB Small Bus. [Apr] 7:30a PPI [Apr] 8:30a CPI [Apr] 8:30a Mich. Cons. Sent. [May P] 9:55aBus. Inventories [Mar] 10a Imp. Price Index [Apr] 8:30a Empire Manuf. [May] 8:30a Housing Starts [Apr] 8:30a LEI [Apr] 10a

TIC [Mar] 9:00a Jobless Claims [May 11] 8:30aIndustrial Prod. [Apr] 9:15a Philly Fed Survey [May] 10a

19 20 21 22 23 24 25Existing Home Sales [Apr] 10a Jobless Claims [May 18] 8:30a Durable Goods [Apr] 8:30aFOMC Minutes [May] 2p New Home Sales [Apr] 10a

Early Bond Market Close Observing Memorial Day

26 27 28 29 30 31S&P/C-S Home Prices [Mar] 9a GDP [Q1 2nd] 8:30a Pers. Inc. & Spend. [Apr] 8:30a

Memorial Day Cons. Confidence [May] 10a Jobless Claims [May 25] 8:30a Chicago PMI [May] 9:45a

[Markets Closed] Mich. Cons. Sent. [May F] 9:55a

All Times ESTwellsfargo.com/economics© 2013 Wells Fargo Securities, LLC. All rights reserved.

June 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1

2 3 4 5 6 7 8Const. Spending [Apr] 10a U.S. Int. Trade [Apr] 8:30a ADP Employment [May] 8:15a ECB Announcement 7:45a Employment [May] 8:30aISM Manufacturing [May] 10a Productivity [Q1 2nd] 8:30a Jobless Claims [Jun 1] 8:30a Consumer Credit [Apr] 3pVehicle Sales [May] 5p ISM Non-Manuf. [May] 10a Flow of Funds* [Q1] 2p

Factory Orders [Apr] 10aFed Beige Book 2p

9 10 11 12 13 14 15NFIB Small Bus. [May] 7:30a Federal Budget [May] 2p Retail Sales [May] 8:30a PPI [May] 8:30a

Imp. Price Index [May] 8:30a Current Acct. [Q1] 8:30aJobless Claims [Jun 8] 8:30a Industrial Prod. [May] 9:15aBus. Inventories [Apr] 10a Mich. Cons. Sent. [Jun P] 9:55a

16 17 18 19 20 21 22Empire Manuf. [Jun] 8:30a CPI [May] 8:30a FOMC Statement/Press Conf. Jobless Claims [Jun 15] 8:30a Philly Fed Survey [Jun] 10aTIC [Apr] 9:00a Housing Starts [May] 8:30a Existing Home Sales [May] 10a

LEI [May] 10a

23 24 25 26 27 28 29Durable Goods [May] 8:30a GDP [Q1 3rd] 8:30a Pers. Inc. & Spend. [May] 8:30a Chicago PMI [Jun] 9:45aS&P/C-S Home Prices [Apr] 9a Jobless Claims [Jun 22] 8:30a Mich. Cons. Sent. [Jun F] 9:55aCons. Confidence [Jun] 10a

30 New Home Sales [May] 10a

*Estimated Release; All Times ESTwellsfargo.com/economics© 2013 Wells Fargo Securities, LLC. All rights reserved.

July 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2 3 4 5 6Const. Spending [May] 10a Factory Orders [May] 10a ADP Employment [Jun] 8:15a ECB Announcement 7:45a Employment [Jun] 8:30aISM Manufacturing [Jun] 10a Vehicle Sales [Jun] 5p U.S. Int. Trade [May] 8:30a

Jobless Claims [Jun 29] 8:30a Independence Day ISM Non-Manuf. [Jun] 10a [Markets Closed]

Early Equity Market Close Observing Independence Day

7 8 9 10 11 12 13Consumer Credit [May] 3p NFIB Small Bus. [Jun] 7:30a FOMC Minutes [Jun] 2p Imp. Price Index [Jun] 8:30a PPI [Jun] 8:30a

Jobless Claims [Jul 6] 8:30a Mich. Cons. Sent. [Jul P] 9:55aFederal Budget [Jun] 2p

14 15 16 17 18 19 20Retail Sales [Jun] 8:30a CPI [Jun] 8:30a Housing Starts [Jun] 8:30a Jobless Claims [Jul 13] 8:30aEmpire Manuf. [Jul] 8:30a TIC [May] 9:00a Fed Beige Book 2p Philly Fed Survey [Jul] 10aBus. Inventories [May] 10a Industrial Prod. [Jun] 9:15a LEI [Jun] 10a

21 22 23 24 25 26 27Existing Home Sales [Jun] 10a New Home Sales [Jun] 10a Durable Goods [Jun] 8:30a Mich. Cons. Sent. [Jul F] 9:55a

Jobless Claims [Jul 20] 8:30a

28 29 30 31S&P/C-S Home Prices [May] 9a ADP Employment [Jul] 8:15aCons. Confidence [Jul] 10a GDP [Q2 1st] 8:30a

Employment Costs [Q2] 8:30aChicago PMI [Jul] 9:45aFOMC Statement 2:15p


August 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2 3ECB Announcement 7:45a Employment [Jul] 8:30aJobless Claims [Jul 27] 8:30a Pers. Inc. & Spend. [Jun] 8:30aConst. Spending [Jun] 10a Factory Orders [Jun] 10aISM Manufacturing [Jul] 10aVehicle Sales [Jul] 5p

4 5 6 7 8 9 10ISM Non-Manuf. [Jul] 10a U.S. Int. Trade [Jun] 8:30a Consumer Credit [Jun] 3p Jobless Claims [Aug 3] 8:30a

11 12 13 14 15 16 17Federal Budget [Jul] 2p NFIB Small Bus. [Jul] 7:30a PPI [Jul] 8:30a CPI [Jul] 8:30a Housing Starts [Jul] 8:30a

Retail Sales [Jul] 8:30a Empire Manuf. [Aug] 8:30a Productivity [Q2 1st] 8:30aImp. Price Index [Jul] 8:30a Jobless Claims [Aug 10] 8:30a Mich. Cons. Sent. [Aug P] 9:55aBus. Inventories [Jun] 10a TIC [Jun] 9:00a

Industrial Prod. [Jul] 9:15aPhilly Fed Survey [Aug] 10a

18 19 20 21 22 23 24Existing Home Sales [Jul] 10a Jobless Claims [Aug 17] 8:30a New Home Sales [Jul] 10aFOMC Minutes [Jul] 2p LEI [Jul] 10a

25 26 27 28 29 30 31Durable Goods [Jul] 8:30a S&P/C-S Home Prices [Jun] 9a GDP [Q2 2nd] 8:30a Pers. Inc. & Spend. [Jul] 8:30a

Cons. Confidence [Aug] 10a Jobless Claims [Aug 24] 8:30a Chicago PMI [Aug] 9:45aMich. Cons. Sent. [Aug F] 9:55a


September 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2 3 4 5 6 7Const. Spending [Jul] 10a U.S. Int. Trade [Jul] 8:30a ECB Announcement 7:45a Employment [Aug] 8:30a

Labor Day ISM Manufacturing [Aug] 10a Fed Beige Book 2p ADP Employment [Aug] 8:15a

[Markets Closed] Vehicle Sales [Aug] 5p Productivity [Q2 2nd] 8:30aJobless Claims [Aug 31] 8:30aISM Non-Manuf. [Aug] 10aFactory Orders [Jul] 10a

8 9 10 11 12 13 14Consumer Credit [Jul] 3p NFIB Small Bus. [Aug] 7:30a Imp. Price Index [Aug] 8:30a Retail Sales [Aug] 8:30a

Jobless Claims [Sep 7] 8:30a PPI [Aug] 8:30aFederal Budget [Aug] 2p Mich. Cons. Sent. [Sep] 9:55a

Bus. Inventories [Jul] 10a

15 16 17 18 19 20 21Empire Manuf. [Sep] 8:30a CPI [Aug] 8:30a Housing Starts [Aug] 8:30a Current Acct. [Q2] 8:30aIndustrial Prod. [Aug] 9:15a TIC [Jul] 9:00a FOMC Statement/Press Conf. Jobless Claims [Sep 14] 8:30a

Existing Home Sales [Aug] 10aPhilly Fed Survey [Sep] 10aLEI [Aug] 10aFlow of Funds* [Q2] 12p

22 23 24 25 26 27 28S&P/C-S Home Prices [Jul] 9a Durable Goods [Aug] 8:30a GDP [Q2 3rd] 8:30a Pers. Inc. & Spend. [Aug] 8:30aCons. Confidence [Sep] 10a New Home Sales [Aug] 10a Jobless Claims [Sep 21] 8:30a Mich. Cons. Sent. [Sep F] 9:55a

29 30Chicago PMI [Sep] 9:45a


October 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2 3 4 5Const. Spending [Aug] 10a ECB Announcement 7:45a Jobless Claims [Sep 28] 8:30a Employment [Sep] 8:30aISM Manufacturing [Sep] 10a ADP Employment [Sep] 8:15a ISM Non-Manuf. [Sep] 10aVehicle Sales [Sep] 5p Factory Orders [Aug] 10a

6 7 8 9 10 11 12Consumer Credit [Aug] 3p NFIB Small Bus. [Sep] 7:30a FOMC Minutes [Sep] 2p Imp. Price Index [Sep] 8:30a Retail Sales [Sep] 8:30a

U.S. Int. Trade [Aug] 8:30a Jobless Claims [Oct 5] 8:30a PPI [Sep] 8:30aFederal Budget [Sep] 2p Mich. Cons. Sent. [Oct P] 9:55a

Bus. Inventories [Aug] 10a

13 14 15 16 17 18 19Empire Manuf. [Oct] 8:30a CPI [Sep] 8:30a Housing Starts [Sep] 8:30a LEI [Sep] 10a

Columbus Day TIC [Aug] 9:00a Jobless Claims [Oct 12] 8:30a

[Bond Markets Closed] Fed Beige Book 2p Industrial Prod. [Sep] 9:15aPhilly Fed Survey [Oct] 10a

20 21 22 23 24 25 26Existing Home Sales [Sep] 10a Jobless Claims [Oct 19] 8:30a Durable Goods [Sep] 8:30a

New Home Sales [Sep] 10a Mich. Cons. Sent. [Oct F] 9:55a

27 28 29 30 31S&P/C-S Home Prices [Aug] 9a ADP Employment [Oct] 8:15a Pers. Inc. & Spend. [Sep] 8:30aCons. Confidence [Oct] 10a GDP [Q3 1st] 8:30a Employment Costs [Q3] 8:30a

FOMC Statement 2:15p Jobless Claims [Oct 26] 8:30aChicago PMI [Oct] 9:45a


November 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2Employment [Oct] 8:30aConst. Spending [Sep] 10aISM Manufacturing [Oct] 10aVehicle Sales [Oct] 5p

3 4 5 6 7 8 9Factory Orders [Sep] 10a U.S. Int. Trade [Sep] 8:30a Productivity [Q3 1st] 8:30a ECB Announcement 7:45a Mich. Cons. Sent. [Nov P] 9:55a

ISM Non-Manuf. [Oct] 10a Jobless Claims [Nov 2] 8:30aConsumer Credit [Sep] 3p

10 11 12 13 14 15 16NFIB Small Bus. [Oct] 7:30a Imp. Price Index [Oct] 8:30a Retail Sales [Oct] 8:30a CPI [Oct] 8:30a

Veterans Day Federal Budget [Oct] 2p PPI [Oct] 8:30a Empire Manuf. [Nov] 8:30a

[Bond Markets Closed] Jobless Claims [Nov 9] 8:30a Industrial Prod. [Oct] 9:15aBus. Inventories [Sep] 10a

17 18 19 20 21 22 23TIC [Sep] 9:00a Housing Starts [Oct] 8:30a Existing Home Sales [Oct] 10a Jobless Claims [Nov 16] 8:30a

FOMC Minutes [Oct] 2p Philly Fed Survey [Nov] 10aLEI [Oct] 10a

24 25 26 27 28 29 30GDP [Q3 2nd] 8:30a Durable Goods [Oct] 8:30a Early Market Close

S&P/C-S Home Prices [Sep] 9a Pers. Inc. & Spend. [Oct] 8:30a Thanksgiving Day Observing Thanksgiving DayCons. Confidence [Nov] 10a Jobless Claims [Nov 23] 8:30a [Markets Closed]

Chicago PMI [Nov] 9:45aMich. Cons. Sent. [Nov F] 9:55aNew Home Sales [Oct] 10a


December 2013Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 2 3 4 5 6 7Const. Spending [Oct] 10a Vehicle Sales [Nov] 5p ADP Employment [Nov] 8:15a ECB Announcement 7:45a Employment [Nov] 8:30aISM Manufacturing [Nov] 10a U.S. Int. Trade [Oct] 8:30a Jobless Claims [Nov 30] 8:30a Mich. Cons. Sent. [Dec P] 9:55a

Productivity [Q3 2nd] 8:30a Factory Orders [Oct] 10a Consumer Credit [Nov] 3pISM Non-Manuf. [Nov] 10aFed Beige Book 2p

8 9 10 11 12 13 14NFIB Small Bus. [Nov] 7:30a Federal Budget [Nov] 2p Retail Sales [Nov] 8:30a PPI [Nov] 8:30a

Imp. Price Index [Nov] 8:30aJobless Claims [Dec 7] 8:30aBus. Inventories [Oct] 10aFlow of Funds* [Q3] 12p

15 16 17 18 19 20 21Empire Manuf. [Dec] 8:30a CPI [Nov] 8:30a Housing Starts [Nov] 8:30a Jobless Claims [Dec 14] 8:30a GDP [Q3 3rd] 8:30aTIC [Oct] 9:00a Current Acct. [Q3] 8:30a FOMC Statement/Press Conf. Existing Home Sales [Nov] 10aIndustrial Prod. [Nov] 9:15a Philly Fed Survey [Dec] 10a

LEI [Nov] 10a

22 23 24 25 26 27 28Pers. Inc. & Spend. [Nov] 8:30a Durable Goods [Nov] 8:30a Jobless Claims [Dec 21] 8:30a

Mich. Cons. Sent. [Dec F] 9:55a New Home Sales [Nov] 10a Christmas Day [Markets Closed]

Early Market Close Observing Christmas Day

29 30 31S&P/C-S Home Prices [Oct] 9aChicago PMI [Dec] 9:45aCons. Confidence [Dec] 10a

Early Bond Market Close Observing New Year's Day


Wells Fargo Securities, LLC Economics Group

Diane Schumaker-Krieg Global Head of Research & Economics 704-410-1801212-214-5070

[email protected]

John E. Silvia, Ph.D. Chief Economist 704-410-3275 [email protected]

Mark Vitner Senior Economist 704-410-3277 [email protected]

Jay Bryson, Ph.D. Global Economist 704-410-3274 [email protected]

Eugenio Aleman, Ph.D. Senior Economist 704-410-3273 [email protected]

Sam Bullard Senior Economist 704-410-3280 [email protected]

Anika Khan Senior Economist 704-410-3271 [email protected]

Azhar Iqbal Econometrician 704-410-3270 [email protected]

Tim Quinlan Economist 704-410-3283 [email protected]

Michael A. Brown Economist 704-410-3278 [email protected]

Sarah Watt Economic Analyst 704-410-3282 [email protected]

Kaylyn Swankoski Economic Analyst 704-410-3276 [email protected]

Zachary Griffiths Economic Analyst 704-410-3284 [email protected]

Sara Silverman Economic Analyst 704-410-3281 [email protected]

Peg Gavin Executive Assistant 704-410-3279 [email protected]

Cyndi Flowe Administrative Assistant 704-410-3272 [email protected]

SECURITIES: NOT FDIC-INSURED • NOT BANK-GUARANTEED • MAY LOSE VALUE

Dates and times are subject to change at the discretion of each data provider. Wells Fargo Securities, LLC does not guarantee the accuracy or completeness of this economic calendar.

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 Advisors, LLC, Wells Fargo Securities International Limited, Wells Fargo Securities Asia Limited and Wells Fargo Securities (Japan) Co. Limited. 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 © 2013 Wells Fargo Securities, LLC.

Important Information for Non-U.S. RecipientsFor 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 Services Authority. The content of this report has been approved by WFSIL a regulated person under the Act. WFSIL does not deal with retail clients as defined in the Markets in Financial Instruments Directive 2007. The FSA rules made under the Financial Services and Markets Act 2000 for the protection of retail clients will therefore not apply, not 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.

MC-5236 - 12/12

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2013 economiccalendar 12212012