Clarksville, TN – The week began with a renewed sense of optimism that a Greek debt deal would be worked out. Sentiment then faded after negotiations with Greece’s creditors broke down, but then hopes continued that a deal would be reached over the weekend.
The economic data were mixed. Home sales figures improved in May. Durable goods orders were disappointing. The estimate of 1Q15 GDP was revised to show a -0.2% annual rate (vs. -0.7% in the second estimate), up 3.0% from a year ago. Note that the estimate of Gross Domestic Income rose at a 1.9% annual rate (+3.7% y/y).
Hopkinsville, KY – Higgins Insurance is proud to announce the addition of Krin Mims to their insurance sales and service team. Mims is a graduate of Georgia College and State University with a bachelor’s degree in Sociology.
Mims also sits on the Board of the Hopkinsville Junior Auxiliary as the Public Relations Chair.
Montgomery County, TN – Representatives from organizations that were certified in 2013 opted to attend a CMC Green Certification Refresher Class where they were brought up-to-date on the latest environmental concerns in our community, discussed their own impacts on the environment and shared their continued improvements.
Clarksville, TN – Planters Bank welcomes Will Sanders as an assistant vice president to its commercial banking division.
A native Clarksvillian, Sanders spent the last few years as executive director and country manager for Hancock Prospecting Mongolia, LLC. Prior to that, he worked as financial advisor at Bank of America Merrill Lynch and financial services officer at Farm Credit Services of Mid America.
Clarksville, TN – The Clarksville Montgomery County Career Center located near Downtown Clarksville caters to the needs of the unemployed and employers to increase workforce opportunities in Clarksville, Montgomery County, and the surrounding areas.
From employee preparation, such as, résumé writing and assistance, training, pre-employment testing, to job searching by networking with employers, the Career Center provides all of these services and more.
Clarksville, TN – In its monetary policy statement, the Federal Open Market Committee recognized that “economic activity has been expanding moderately after having changed little during the first quarter.” Labor market slack has “diminished somewhat.” Growth in consumer spending has been “moderate,” while the housing sector “has shown some improvement.”
In the revised Summary of Economic Projections, Fed officials lowered their forecasts of 2015 GDP growth, but raised slightly their expectations for growth in 2016 and 2017.
Thirty Two Graduate from Regional Leadership Program
Nashville, TN – Thirty two community and business leaders from Middle Tennessee have graduated from Leadership Middle Tennessee, Inc., a regional leadership institute.
The 2015 class is from the 10-county area which includes Cheatham County, Davidson County, Dickson County, Maury County, Montgomery County, Robertson County, Rutherford County, Sumner County, Williamson County and Wilson County.
Montgomery County Mayor Jim Durrett, City of Clarksville and Chamber of Commerce Director Melinda Shepard attended their green ribbon cutting to congratulate the doctors and staff on earning their certification.
Altra Federal Credit Union Congratulates Emily Medvecky on Her Recent Diploma from the Graduate School of Banking
Clarksville, TN – Emily Medvecky, Altra Federal Credit Union Business Loan Officer, is among the 168 bankers receiving graduation diplomas on June 5th, 2015 from the Graduate School of Banking at Louisiana State University.
This three-year program provides courses covering all aspects of banking, economics and related subjects. Students traveled from twenty states and Mexico to participate in this Session.
Clarksville, TN – Economists began the week wondering why consumers hadn’t spent the windfall from lower gasoline prices. By the end of the week, we had a partial answer. Retail sales rose strongly in May, as expected. More importantly, we had upward revisions to the data for March and April.
The Bureau of Census also released its quarterly survey of services. These two reports paint a brighter consumer spending outlook and imply an upward revision to the estimate of 1Q15 GDP growth (the second estimate showed a -0.7% annual rate, but should be revised to show a much more modest decline or perhaps a slight increase).
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