Sector3 helps companies and lenders decipher the underlying value of raw materials, metals, chemicals, plastics, and commodity inventory and machinery and equipment. We are successful because we:
These advantages set Sector3 apart from other appraisal companies, and
have made Sector3 one of the largest metals, chemicals and commodity appraisal firms in the U.S.
Industrial production in May 2016 decreased by 0.4% after increasing in April. Manufacturing output slid 0.4% while the utilities index fell 1.0%. Mining rose 0.2% but is down 11.5% year-over-year. Total industrial production was 1.4% below May 2015’s average while industrial capacity utilization decreased 0.4 percentage points (ppts) to 74.9%, a rate that is 5.1 ppts below its 1972 to 2015 average.
The Purchasing Managers' Index (PMI) rose by 0.5 ppt in May to 51.3%. A value above 50% signifies expansion in the manufacturing industry with May’s reading marking three consecutive months of positive sentiment. May’s PMI reflects growth in 12 of 18 industries including fabricated metal products; plastics & rubber products; computer & electronic products; miscellaneous manufacturing; electrical equipment, appliances & components; machinery and primary metals. The six industries reporting a decrease included petroleum & coal products; transportation equipment; chemical products and furniture & related products. Metal industry-related respondents were optimistic, citing good business conditions and improved production for the machinery sector, although economic slowdowns in China and Latin America somewhat dampened the positive results.
The Consumer Confidence Index fell to 92.6 in May 2016, from 94.7 in April. The index’s decline mirrors the mixed consumer sentiment regarding current business conditions, labor and income.
New orders for manufactured durable goods in April 2016 increased by 3.4% or $7.7 billion to $236.2 billion. This follows a 2.0% increase in March. April shipments of manufactured durable goods rose 0.5% or $1.3 billion to $232.5 billion, subsequent to March’s 0.7% decrease. Shipments had been down two of the last three months. Transportation equipment shipments in April were up 1.1% or $0.9 billion to $80.8 billion.
Per the second estimate, real Gross Domestic Product (GDP) grew at an annual rate of 0.8% in Q1 2016, versus 1.4% growth in Q4 2015. The Q1 increase reflected positive contributions from personal consumption expenditures, residential fixed investment and state and local government spending that were partly offset by lower contributions from nonresidential fixed investment, exports, private inventory investment and federal government spending. Imports, a detractor from GDP, decreased.
In May 2016, the chemical and allied products PPI increased to 263.8 from April’s reading of 261.9.