Clarksville, TN – The economic data reports were mixed. Retail sales picked up in March, following a weak trend in the three previous months. Industrial production fell 0.6%, reflecting a plunge in oil and gas drilling and a decrease in the output of utilities (more normal temperatures).
Manufacturing output edged up 0.1%, with mixed results across industries. Building permits and housing starts fell in March, largely reflecting the usual volatility in the multi-family sector. Single-family permits, the key figure in the report, rose 2.1% (up 4.1% y/y).
Clarksville, TN – Pool and Spa Depot, a nationally recognized swimming pool and spa business has expanded its operations to Clarksville. Pool and Spa Depot’s state of the art facility is now open at 160 Terminal Lane.
The new location showcases some of Tennessee’s best selections for in ground and above ground pools, hot tubs, tanning beds, saunas, patio furniture and hardscape options.
Clarksville, TN – The economic data calendar was thin. Stock market participants finally got their chance to react to the disappointing employment data for March (the report was released on Good Friday).
However, the negative response was brief, as the market opened lower on Monday and then quickly turned up. The markets seemed to be looking for direction through the week, but failed to find much in the early earnings reports.
Clarksville, TN – The economic data were mixed, but generally disappointing, consistent with first quarter GDP growth closer to 0% (growth is widely expected to pick up again in the 2Q15). Consumer confidence improved more than anticipated in March and motor vehicle sales picked up.
However, the ISM manufacturing data suggested a slowdown in the factory sector (likely related to the stronger dollar, although survey respondents continued to note West Coast port delays).
Clarksville, TN – Cowboy Dan’s Trading Post and Pawn boasts a distinct western flare and inventory that sets it apart from your typical Tennessee pawn store.
“Our goal is to be different from others and to catch people’s attention when they come into our store,” co-owner Marsha Burkhart said.
Regions Bank and Regions Bank Foundation give a combined $75,000 to support Middle Tennessee women entrepreneurs
Nashville, TN – Pathway Women’s Business Center, a division of Pathway Lending that supports women entrepreneurs in the Nashville-Clarksville region, announced today that Regions Bank and Regions Foundation are founding supporters of the recently launched Center.
Regions Bank provided $50,000 in financial support and the Regions Foundation is contributing $25,000 as an educational partner for the Pathway Women’s Business Center. «Read the rest of this article»
Clarksville, TN – The economic data were mixed, adding little to the overall picture. Durable goods orders disappointed (again), with orders for nondefense capital goods excluding aircraft (a rough proxy for business fixed investment) down for the sixth consecutive month. Unfilled orders are falling and inventories are outpacing shipments – both are bad signs, but neither is yet at a dangerous level.
Home sales figures were mixed. The third estimate of fourth quarter GDP growth came in at 2.2%, the same as in the previous estimate. This report included corporate profit data for 4Q14, which showed a moderate increase in domestic nonfinancial corporate profits, but a sharp drop in profits from abroad.
Clarksville, TN – Congratulations to Mrs. Peggy Coon, winner of a new Rheem Air Conditioning Unit in Action Air’s “How Redneck Is Your Unit?” contest.
Action Air’s recent contest asked contestants to submit photos of their outdated units along with a story of why they should receive a new HVAC unit. Their photos and stories were posted on their website and the public was asked to vote for their favorite.
Clarksville, TN – As was widely anticipated, the Federal Open Market Committee removed the “patient” language from the policy statement, but indicated that “an increase in the target range for the federal funds rate remains unlikely at the April FOMC meeting.”
The FOMC noted that “economic growth has moderated somewhat” (vs. January’s “expanding at a solid pace”). In its Summary of Economic Projections, Fed officials lowered their forecasts for GDP growth and inflation. The dots in the dot plot (expectations of the appropriate year-end level of the federal funds rate) generally moved lower, implying a lower expected path of short-term interest rates in the months ahead.
Clarksville, TN – Altra Federal Credit Union will host a free Teens and Money Seminar for high school students on Saturday, April 11th from 10:00am – 12:00pm at their Madison St. branch located at 1600 Madison Street, Clarksville, TN 37043.
“This is a great way to learn valuable financial skills for the future,” said Cheryl Dutton, Vice President of Marketing for Altra Federal Credit Union. «Read the rest of this article»
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