Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 18th, 2014
Clarksville, TN – Retail sales were flat in July, reflecting a weak start to 3Q14. Industrial production rose 0.4%, restrained by lower output of utilities (cooler than normal temperatures). Manufacturing output rose 1.1%, reflecting a 10.1% jump in auto production.
However, seasonal adjustment in autos is tricky in July (prior to seasonal adjustment, auto production fell 18.0%, vs. -26.8% in July 2013). Seasonal plant closings were much more moderate this year, trimming weekly jobless claims as well. The Job Opening and Labor Market Turnover Survey data for June showed gradual improvement in hiring and quit rates (although both remain well below normal levels).
Frazier Allen
Gary Mathews Motors recognized for donation of ballistic and stab proof vests to Montgomery County Sheriff’s Office K-9 Unit
Clarksville, TN – The Clarksville-Montgomery County community gathered in front of Gary Mathews Motors (1100 Ashland City Road) yesterday morning, to recognize them for a generous contribution which allowed the Montgomery County Sheriff’s Office to purchase 5 customized bullet and stab resistant vests for the MCSO K-9 Unit.
“A very special and elite team of law enforcement officers exist, who having undergone years of rigorous training. On a daily basis, these teams prove their loyalty and dedication to their community including Montgomery County’s own K9 Unit,” said Gary Mathews, President and CEO of Gary Mathews Motors.
Montgomery County Sheriff John Fuson shakes hands with Gary Mathews as general manager Mark Blick looks on
Block Party at Sango Village in Clarksville, Saturday
Clarksville, TN – The businesses at Sango Village will be hosting a block party on August 16th, 2014. The local business owners have created the free event to give back to the community.
Courtney Berlyak, owner of Sango Village Florist, said, “We wanted to do something fun and enjoyable that could include all of our neighbors. With the end of summer approaching, the block party idea was a perfect fit!” [Read more]
Clarksville’s Tilted Kilt donates over $4,400 to the Folds of Honor Foundation
Clarksville, TN – Tilted Kilt Pub and Eatery, with support from the Nashville Chive Chapter, recently raised $4,476 for the Folds Of Honor Foundation.
The “Nashville Chive Unofficial Meetup”, presented by Budweiser of Clarksville, was held at Tilted Kilt on May 17th and included a silent auction, limited edition t-shirt sales, drink and menu specials and more with proceeds going to Folds of Honor.
In addition to Budweiser, additional sponsors for the Chive Meetup included SSF Submission Academy, Touchgolf Products, The Joe Padula Show, and Clarksville Online.
Folds of Honor Vice President of Corporate Relations Dave Dierinzo accepts a donation from the Tilted Kilt Assistant Manager Chris Williams, Nashville Chive Administrator Whit Noble and the Tilted Kilt Girls. (Laura Thornton)
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 10th, 2014
Clarksville, TN – As was widely anticipated, the Federal Open Market Committee tapered another $10 billion from the monthly pace of asset purchases (now at $25 billion, with the program on track to be completed at the end of October).
The Fed provided no additional guidance on short-term interest rates, but repeated that the federal funds rate target would likely remain exceptionally low for “a considerable period” after the asset purchase program ends and that economic conditions will likely warrant a below-normal federal funds rate even as the Fed nears its employment and inflation goals.
Frazier Allen
Gary Mathews Motors provides Bullet Proof Vests for Montgomery County Sheriff’s K9 Unit
Clarksville, TN – Gary Mathews Motors, Gary Mathews KIA, Gary Mathews VW, Mathews Nissan, has provided 5 customized bullet and stab resistant vests for the K9 Unit of The Montgomery County Sheriff’s Office.
Montgomery County Sheriff K9.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 3rd, 2014
Clarksville, TN – As was widely anticipated, the Federal Open Market Committee tapered another $10 billion from the monthly pace of asset purchases (now at $25 billion, with the program on track to be completed at the end of October).
The Fed provided no additional guidance on short-term interest rates, but repeated that the federal funds rate target would likely remain exceptionally low for “a considerable period” after the asset purchase program ends and that economic conditions will likely warrant a below-normal federal funds rate even as the Fed nears its employment and inflation goals.
Frazier Allen
Equity markets slide after an eventful month
Clarksville, TN – The last week of July has been eventful on a number of fronts. The economic calendar was packed, geopolitical tensions intensified and Argentina teetered on the edge of default, eventually going over. This is the second time the South American country has defaulted on its debt in the past 13 years.
The default may be short-lived if Argentina can reach an agreement to pay its missed $1.5 billion interest payment.
Frazier Allen
Riverview Inn Receives their Green Certification
Montgomery County, TN – The latest local business to host a Green Ribbon Cutting for becoming Clarksville-Montgomery County Green Certified is the Riverview Inn.
Montgomery County Mayor Carolyn Bowers and Clarksville Mayor Kim McMillan, were there to congratulate the owner and employees of Riverview Inn for earning the certification.
The Riverview Inn’s Green Certification Ribbon Cutting
Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 27th, 2014
Clarksville, TN – The economic data were mixed. New home sales were much weaker than expected in June, with a sharp downward revision to May (March and April figures were also revised lower) – however, these figures are reported with an enormous level of uncertainty.
Existing home sales improved, with a further increase in the number of homes for sale. Durable goods orders rose moderately, but details showed a lackluster trend in shipments of nondefense capital goods. The Consumer Price Index rose 0.3% (+2.1% y/y), inflated partly by the seasonal adjustment for gasoline (which rose 0.3% before adjustment and +3.3% after adjustment). Ex-food & energy, the CPI edged up 0.1% (+2.0% y/y).
Frazier Allen
