U.S. Economic Forecast Rankings Overall Rank

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1 U.S. Economic Forecast Rankings Overall Rank Rank Forecaster Firm Average Score 1 Christophe Barraud Market Securities LLP Stein/Wesbury First Trust Portfolios LP Weidensteiner/Balz Commerzbank AG Ryan Sweet Moody's Analytics Inc Russell T Price Ameriprise Financial Inc Andreas Busch Bantleon Bank AG Richard F Moody Regions Financial Corp Joerg Angele Raiffeisen Research Joshua Shapiro Maria Fiorini Ramirez Inc Michael E Feroli JP Morgan Securities LLC Michelle C Girard Natwest Markets Securities Inc Citi Dupuis/Genereux Desjardins Financial Group Casillas/Goya Banco Mercantil Del Norte SA Goldman Sachs James Sweeney Credit Suisse Securities (USA) LLC Michael R Englund Action Economics LLC Crandall/Jordan Wrightson ICAP LLC Stephen L Stanley Amherst Pierpont Securities LLC Douglas Porter BMO Nesbitt Burns Inc CONCCONF Index Conference Board Consumer Confidence SA 1985=100 1 Christophe Barraud Market Securities LLP Samuel Coffin UBS Securities LLC Joerg Angele Raiffeisen Research Douglas Porter BMO Nesbitt Burns Inc John E Silvia Wells Fargo Securities LLC Casillas/Goya Banco Mercantil Del Norte SA Tom Porcelli RBC Capital Markets LLC Michelle C Girard Natwest Markets Securities Inc Michael E Feroli JP Morgan Securities LLC Ryan Wang HSBC Securities (USA) Inc ETSLMOM Index Existing Homes Sales MoM SA 1 Christophe Barraud Market Securities LLP Weidensteiner/Balz Commerzbank AG Stein/Wesbury First Trust Portfolios LP Goldman Sachs Joerg Angele Raiffeisen Research Richard F Moody Regions Financial Corp Ian C Shepherdson Pantheon Macroeconomics Ltd Ryan Sweet Moody's Analytics Inc Russell T Price Ameriprise Financial Inc Robert A Dye Comerica Inc CPI CHNG Index CPI Urban Consumers MoM SA

2 1 Michael E Feroli JP Morgan Securities LLC Michelle C Girard Natwest Markets Securities Inc Ryan Sweet Moody's Analytics Inc Weidensteiner/Balz Commerzbank AG Citi Crandall/Jordan Wrightson ICAP LLC Andreas Busch Bantleon Bank AG Michael Gapen Barclays Capital Inc Christophe Barraud Market Securities LLP David H Sloan 4cast Ltd DGNOCHNG Index Durable Goods New Orders Industries MoM SA 1 Andreas Busch Bantleon Bank AG Christophe Barraud Market Securities LLP Ryan Sweet Moody's Analytics Inc Stein/Wesbury First Trust Portfolios LP Marion/Rangasamy National Bank of Canada Financial Inc Knightley/Carnell ING Bank NV London Branch John E Silvia Wells Fargo Securities LLC Avery Shenfeld Canadian Imperial Bank of Commerce Rhys Herbert Lloyds Bank PLC Citi FDIDFDMO Index PPI Final Demand MoM SA 1 Thomas Julien Natixis North America Inc Samuel Coffin UBS Securities LLC Christophe Barraud Market Securities LLP Crandall/Jordan Wrightson ICAP LLC Michael P Carey Credit Agricole CIB Bernd Krampen Nord / LB Stephan Buu CTI Capital Securities Inc Robert A Dye Comerica Inc Gregory Daco Oxford Economics Limited GDP CQOQ Index GDP Chained 2009 Dollars QoQ SAAR 1 Scott A Anderson Bank of The West Christophe Barraud Market Securities LLP Marion/Rangasamy National Bank of Canada Financial Inc Richard F Moody Regions Financial Corp Michael Moran Daiwa Capital Mkts Thomas Julien Natixis North America LLC Weidensteiner/Balz Commerzbank AG John E Silvia Wells Fargo Securities LLC Ryan Sweet Moody's Analytics Inc Stein/Wesbury First Trust Portfolios LP IP CHNG Index Industrial Production MOM SA

3 1 Weidensteiner/Balz Commerzbank AG Christophe Barraud Market Securities LLP Stephen L Stanley Amherst Pierpont Securities LLC Ryan Sweet Moody's Analytics Inc Stephan Buu CTI Capital Securities Inc Itau Asset Management Andreas Busch Bantleon Bank AG Citi Michelle C Girard Natwest Markets Securities Inc Stein/Wesbury First Trust Portfolios LP NAPMNMI Index ISM Non-Manufacturing NMI 1 Harm Bandholz UniCredit Bank AG Chris Rupkey MUFG Union Bank NA Dupuis/Genereux Desjardins Financial Group Crandall/Jordan Wrightson ICAP LLC Tom Porcelli RBC Capital Markets LLC Casillas/Goya Banco Mercantil Del Norte SA Hugh A Johnson Hugh Johnson Advisors LLC Christophe Barraud Market Securities LLP Ryan Wang HSBC Securities (USA) Inc Ryan Sweet Moody's Analytics Inc NAPMPMI Index ISM Manufacturing PMI SA 1 Goldman Sachs Thomas Julien Natixis North America Inc Dirk Chlench Landesbank Baden-Wuerttemberg Andreas Busch Bantleon Bank AG Joerg Angele Raiffeisen Research Weidensteiner/Balz Commerzbank AG Richard F Moody Regions Financial Corp Sergio Capaldi Intesa Sanpaolo SpA Douglas Porter BMO Nesbitt Burns Inc Michael P Carey Credit Agricole CIB NFP TCH Index Employees on Nonfarm Payrolls Total MoM Net Change SA 1 Goldman Sachs Ryan Sweet Moody's Analytics Inc Westpac Banking Corp Avery Shenfeld Canadian Imperial Bank of Commerce Christophe Barraud Market Securities LLP Richard F Moody Regions Financial Corp Stephan Buu CTI Capital Securities Inc Marion/Rangasamy National Bank of Canada Financial Inc Shaw/Clarke Investec Bank PLC Weidensteiner/Balz Commerzbank AG NHSLTOT Index New One Family Houses Sold Annual Total SAAR

4 1 DZ Bank AG Sergio Capaldi Intesa Sanpaolo Spa Robert A Dye Comerica Inc Derek Holt Scotiabank Lindsey Piegza Stifel Nicolaus & Co Inc Marion/Rangasamy National Bank of Canada Financial Inc Thomas Julien Natixis North America LLC Michelle C Girard Natwest Markets Securities Inc Douglas Porter BMO Nesbitt Burns Inc James Sweeney Credit Suisse Securities (USA) LLC NHSPSTOT Index New Privately Owned Housing Units Started by Structure Total SAAR 1 Joerg Angele Raiffeisen Research Marion/Rangasamy National Bank of Canada Financial Inc Ryan Sweet Moody's Analytics Inc Avery Shenfeld Canadian Imperial Bank of Commerce Robert A Dye Comerica Inc Stein/Wesbury First Trust Portfolios LP Dupuis/Genereux Desjardins Financial Group James Sweeney Credit Suisse Securities (USA) LLC Scott J Brown Raymond James Financial Inc David William Berson Nationwide Insurance PCE CRCH Index Personal Consumption Expenditures Nominal Dollars MoM SA 1 Weidensteiner/Balz Commerzbank AG Stein/Wesbury First Trust Portfolios LP Christophe Barraud Market Securities LLP Stephen L Stanley Amherst Pierpont Securities LLC Richard F Moody Regions Financial Corp Russell T Price Ameriprise Financial Inc Michael E Feroli JP Morgan Securities LLC Joshua Shapiro Maria Fiorini Ramirez Inc Douglas Porter BMO Nesbitt Burns Inc Ward McCarthy Jefferies LLC PITLCHNG Index Personal Income MoM SA 1 Russell T Price Ameriprise Financial Inc Chris Rupkey MUFG Union Bank NA Michael S Hanson TD Securities (USA) LLC Andreas Busch Bantleon Bank AG Stephen L Stanley Amherst Pierpont Securities LLC Richard F Moody Regions Financial Corp Michelle C Girard Natwest Markets Securities Inc DZ Bank AG Ashworth/Dales Capital Economics NA Ltd Stein/Wesbury First Trust Portfolios LP

5 RSTAMOM Index Adjusted Retail & Food Services Sales SA Total Monthly % Change 1 Michelle Meyer Merrill Lynch Michael S Hanson TD Securities (USA) LLC Stein/Wesbury First Trust Portfolios LP Christiane Von Berg Bayerische Landesbank Robert A Dye Comerica Inc Chris Rupkey MUFG Union Bank NA Uwe Duerkop Berliner Sparkasse Derek Holt Scotiabank Andreas Busch Bantleon Bank AG Low/Morelock FTN Financial USURTOT Index U-3 Unemployment Rate Total in Labor Force Seasonally Adjusted 1 Stephen L Stanley Amherst Pierpont Securities LLC Michelle C Girard Natwest Markets Securities Inc Thomas Julien Natixis North America Inc Michael R Englund Action Economics LLC Shaw/Clarke Investec Bank PLC Bernd Krampen Nord / LB Christophe Barraud Market Securities LLP Dupuis/Genereux Desjardins Financial Group James Sweeney Credit Suisse Securities (USA) LLC Robert Brusca Fact & Opinion Economics

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