The economic calendar is light on hard data heading into the long holiday weekend. We'll hear from several Federal Reserve officials throughout the week, while Thursday's release of the latest manufacturing data will likely draw attention.
Thursday, May 22: S&P Global Flash Manufacturing Purchasing Managers Index (PMI): The data will shed light on how President Donald Trump's tariff policies are impacting manufacturing activity.
Read on to see the entire weekly economic calendar of the most important upcoming economic reports scheduled to be released in the next several days. At times, we provide expanded previews and recaps for select reports.
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Please check back often. This economic calendar is updated regularly.
Bolded reports are those considered more noteworthy. All reporting times are in Eastern Time.
Economic calendar highlights
Monday (5/19)
Economic report | Period | Time released |
Atlanta Fed President Raphael Bostic speaks | N/A | 8:30 am |
New York Fed President John Williams speaks | N/A | 8:30 am |
Fed Governor Philip Jefferson speaks | N/A | 9:45 am |
The Conference Board's Leading Indicators Index | April | 10 am |
Dallas Fed President Lorie Logan speaks | N/A | 1:15 pm |
Tuesday (5/20)
Economic report | Period | Time released |
Richmond Fed President Thomas Barkin speaks | N/A | 9 am |
St. Louis President Alberto Musalem speaks | N/A | 1 pm |
San Francisco Fed President Mary Daly speaks | N/A | 7 pm |
Cleveland Fed President Beth Hammack speaks | N/A | 7 pm |
Wednesday (5/21)
There are no noteworthy earnings reports scheduled for release on Wednesday, May 21.
Thursday (5/22)
How are tariffs impacting manufacturing?
Manufacturing activity expanded only marginally in April, according to data from S&P Global.
"Factory output fell for a second successive month as tariffs were widely blamed on a slump in export orders and curbed spending among customers more broadly amid rising uncertainty," said Chris Williamson, chief business economist at S&P Global Market Intelligence.
Thursday's release of S&P Global's Flash Manufacturing PMI for May will give a better look at "economic resilience in the face of changing global trade conditions among the major economies midway through the second quarter of 2025," write Williamson and Jingyi Pan, economics associate director of PMI team at S&P Global Market Intelligence.
While deals are being made, Williamson and Pan note that the "international trading environment clearly remains highly uncertain" amid concerns the remaining U.S.-China tariffs will weigh on economic growth and accelerate inflation.
Economic report | Period | Time released |
Weekly jobless claims | Week ending May 17 | 8:30 am |
S&P Global Flash Manufacturing PMI | May | 9:45 am |
S&P Global Flash Services PMI | May | 9:45 am |
Existing home sales | April | 10 am |
New York Fed President John Williams speaks | N/A | 2 pm |
Friday (5/23)
Economic report | Period | Time released |
New home sales | April | 10 am |
Reporting schedules are provided Forex Factory and MarketWatch.
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