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).
Plans to Expand Roadside Assistance Personnel by 25 Percent in 2014
Clarksville, TN – Agero, Inc., a leading provider of vehicle and driver safety, security and information services, plans to increase its employee base by 25 percent in 2014 at its regional site in Clarksville, Tennessee.
This is part of a company wide expansion across its four regional locations in Clarksville, Sebring, FL, Tucson, AZ, and Sault Ste. Marie, Ontario. These centers provide critical roadside assistance to over 75 million drivers throughout the United States.
Clarksville, TN – The retail sales and industrial production reports had similar stories – gains in June were disappointing relative to expectations, but figures for April and May were revised higher. These data (which are subject to revision) are consistent with a sharp rebound in economic activity in 2Q14 (following weather–related weakness in 1Q14), but also suggest some loss of momentum heading towards 3Q14.
The Producer Price Index and import price reports showed no appreciable pipeline pressures for inflation.
Clarksville, TN – When Rich Whitaker opened his Fresh Coat Painters franchise, he knew he wanted to prioritize giving back to the community. So when the Clarksville Home Builders Association asked him to paint a house for a fellow veteran, there was no question that the answer would be yes.
Whitaker and the team at Fresh Coat Painters of Clarksville recently painted an entire home for Staff Sergeant Adam J. Montavon and his wife, Sasha, free of charge.
Clarksville, TN – Next week, the economic calendar picks back up. Retail sales are likely to be the highlight, boosted by stronger vehicle sales in June. Ex-autos, sales results for April and May were disappointing – so we’ll be on the lookout for a rebound (or possibly some revision to the previous figures).
Industrial production data and residential construction figures have some potential to move the markets – they should point to stronger growth in 2Q14.
Clarksville-Montgomery County Graduates for Leadership Middle Tennessee are Frazier Allen, Daniel Binkley, Valerie Hunter-Kelley and Brian Taylor
Nashville, TN – Thirty community and business leaders from Middle Tennessee have graduated from Leadership Middle Tennessee, Inc., a regional leadership institute.
The 2014 class is from the 10-county area which includes Cheatham, Davidson, Dickson, Maury, Montgomery, Robertson, Rutherford, Sumner, Williamson and Wilson.
Clarksville, TN – BLF Marketing has made two personnel promotions and one new hire within its client services team.
Adam Groves has been promoted to senior account manager. Groves joined the firm in 2005, and has continuously expanded his expertise and client leadership in technical disciplines such as market analysis, customer segmenting, Internet marketing and website development.
Ribbon Cutting and VIP Sneak Preview held at Liberty Park Grill on Saturday
Clarksville, TN – The Liberty Park Grill opens today at 11:00am. The new restaurant serving Liberty Park held a official ribbon-cutting with the on Saturday in conjunction with a VIP preview of the new restaurant.
Restaurant manager Robert Bowlby took a few minutes to speak withbefore the ceremony. “We’re so proud to be here! Clarksville is such a wonderful place, it’s a wonderful community,” he said. “My family and I are just now getting to know the area but we like what we seen so far. It has a lot of history, a lot of unique things to do like the free movies in the park, the Downtown Farmers Market, the . All very unique and exciting venues for us to discover as a family.”
Clarksville, TN – The June Employment Report was stronger than expected. Nonfarm payrolls rose by 288,000 (median forecast: +215,000), with widespread gains across sectors (April and May were revised a net 29,000 higher).
The unemployment fell to 6.1% (from 6.3%), although the employment/population ratio edged up only slightly (to 59.0%, vs. 58.9% in May and 58.7% a year ago – still suggesting plenty of slack in the labor market). Average hourly earnings rose 0.2% in June, up 2.0% y/y (the CPI rose 2.1% over the 12 months ending in May).
Washington, D.C. – F&M Bank is ranked in a Top 50 List that “highlights the community bank social media trailblazers among the financial industry.” On Monday, the Independent Community Bankers of America® (ICBA) released its second annual Top 50 Community Bank Leaders in Social Media.
The listing is based on fans/followers, engagement, content and frequency of posts. According to an ICBA announcement, “These top community banks provide fresh content, thought leadership, advice and consistent touch points to their brands. Community banks are naturally influential within their communities, which translates easily into social media.”