Sector3’s focused expertise produces a targeted, insightful
and truly useful appraisal.

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:

  • Specialize in the metals, chemicals, plastics, and commodity markets;
  • Offer extensive metals, chemicals, and plastics valuation experience
  • Believe customer service is a long-term objective.  

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.

Economic Indicators

Industrial production gained 0.1% in October 2018, similar to growth for the past three months.  Manufacturing output advanced 0.3%, offsetting losses in mining and utilities, which decreased 0.3% and 0.5%, respectively.  Capacity utilization increased to 78.4%, but remains 1.4 ppts below the 1972-2017 average.  Year-over-year, industrial production in October climbed 4.1%.  

New orders for manufactured durable goods in October fell 4.4% or $11.5 billion to $248.5 billion.  Transportation equipment drove the decrease, down 12.2% or $11.7 billion to $84.7 billion.  Shipments of manufactured durable goods also declined 0.6% or $1.4 billion to $254.5 billion.  Transportation equipment led the downturn in shipments as well, receding 1.8% or $1.6 billion to $87.6 billion.

The Purchasing Managers’ Index (PMI) climbed 1.6 ppts to 59.3% in November.  A value above 50% signifies expansion in the manufacturing industry.  From the 18 industries surveyed, 13 reported growth.  The effects of trade measures are continuing to ripple through different markets.  One machinery respondent said trade tariffs and higher commodity prices are dampening competitiveness.  A representative from the petroleum & coal products industry said steel tariffs are putting upward pressure on downstream products.

The Consumer Confidence Index decreased from 137.9 in October to 135.7 in November, but remains at a historically high level.  Expectations fell due to less optimistic future business conditions and personal income prospects, although consumers’ assessments of current business and labor conditions improved slightly.  

The seasonally adjusted Consumer Price Index for All Urban Consumers (CPI-U) gained 0.3% in October after rising 0.1% in September, primarily supported by a positive contribution from the gasoline index.  The seasonally adjusted Producer Price Index (PPI) for total final demand was 0.6% higher in October compared to September levels.

Per the second estimate, real Gross Domestic Product (GDP) increased at an annual rate of 3.5% in Q3 2018, consistent with the prior advanced estimate.  Upward revisions to nonresidential fixed investment and private inventory investment mitigated declines in personal consumption expenditures as well as state and local government spending.  Imports, a detraction from the GDP, have risen.

88-02 69th Road Forest Hills, NY 11375 Phone: 718-268-4376 Fax: 718-425-9784