Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 31st, 2015

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.

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