Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 22nd, 2015
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.
Frazier Allen
Clarksville-Montgomery County has four Graduate from Leadership Middle Tennessee
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.
(Top L to R) Deborah Varallo, chair of Leadership Middle Tennessee; Diane Berty, Vice President, Tennessee Independent Colleges & Universities Association; Elizabeth Black, Communications Director, Montgomery County Government; Sherryl Byrd, Vice President for Student Affairs, Austin Peay State University; Mark A. Kelly, COO/Broker, Keller Williams Realty–The Air Assault Team.
Clarksville Dentistry Receives Clarksville-Montgomery County Green Certification
Montgomery County, TN – Clarksville Dental Center is the latest business to become Clarksville-Montgomery County Green Certified.
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.
Green Ribbon cutting ceremony for Clarksville Dentistry. (L to R) Melinda Shepard, Dr. Derek Renfroe, Joan DeWald, Dr. E. Mac. Edington, Dr. Ernie DeWald, Heather Barbour, Nancy Rushing, Ginger Walker, Mayor Durrett and Ruth Gordon.
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.
Altra Federal Credit Union Business Loan Officer Emily Medvecky.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 14th, 2015
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).
Frazier Allen
Pie Five Pizza Co. opens in Clarksville tomorrow, June 12th
Leading Fast Casual Pizza Chain Opens New Clarksville Location
Clarksville, TN – Starting Friday, June 12th, Clarksville residents can enjoy fresh, fast, personal pizza at Nashville’s newest Pie Five, located at 108 Morris Road in the Gateway Commons shopping center.
Pizza-loving Tennesseans will have the chance to build their own pizza or try one of Pie Five’s delicious signature pies—all made to order and baked in less than five minutes.
Pie Five Co. opens this Friday.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 10th, 2015
Clarksville, TN – The economic data reports were mixed, but nonfarm payrolls rose more than expected (+280,000) in the initial estimate for May. Seasonal adjustment issues may have been a factor (as education job losses were a lot smaller than usual).
The unemployment rate edged up to 5.5%, but that partly reflected increased labor force participation for teenagers and young adults (also consistent with seasonal adjustment problems).
Mining, which includes energy exploration, fell by 17,200, down 68,400 since December.
Frazier Allen
Planters Bank announces Promotions
Hopkinsville, KY – The Planters Bank Board of Directors announced several title changes and promotions following its regular May meeting last week.
Judy Joiner, who joined Planters Bank in 1996, was named Senior Vice President/Chief Operations Officer. Greg Jackson, who joined Planters in 1996, was named Senior Vice President/Chief Retail Officer.
Scott Hancock, who joined Planters in 2002, was named Senior Vice President/Chief Trust Officer. Suzanne Langford, who joined Planters in 2003, was named Middle Tennessee Market Executive.
(Top L to R) Planter Bank’s Judy Joiner, Greg Jackson, Scott Hancock, and Suzanne Langford.
Plato’s Closet becomes Clarksville-Montgomery County Green Certified
Montgomery County, TN – Plato’s Closet recently celebrated becoming a Clarksville-Montgomery County Green Certified organization.
City of Clarksville Mayor Kim McMillan, Chamber of Commerce President Melinda Shepherd and Montgomery County Public Affairs Officer Elizabeth Black were on hand to congratulate local Plato’s Closet owner, Brandy Vaughn and her team.
Plato’s Closet green ribbon cutting ceremony. (L to R) Melinda Shepard; Ashley, Leslie, Nicole, Amanda, Vivian, Brandy Vaughn, Mayor McMillan, Stephanie, Chris, Taylor, Hannah and Jim Vaughn.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of May 31st, 2015
Clarksville, TN – The economic data reports remained mixed. Real GDP fell at a 0.7% annual rate in the second estimate for 1Q15 (vs. +0.2% in the advance estimate). The revision largely reflected slower inventory growth and a wider trade deficit. Consumer spending rose at a 1.8% pace (vs. +1.9%), while business fixed investment fell 2.8% (vs. -3.8%).
There is currently a debate about whether the seasonal pattern in a number of GDP components may have changed post-recession. Unfortunately, we really don’t have enough data to say for sure.
Frazier Allen
