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 in July 2017 advanced 0.2% over June, marking the sixth consecutive monthly increase.  Manufacturing output ebbed 0.1%, while mining gained 0.5% and utilities rose 1.6% month-over-month.  July’s industrial production was 2.2% above year-ago levels, with industrial capacity utilization remaining unchanged at 76.7%, a rate that is 3.2 ppts below the 1972 to 2016 average.

The Purchasing Managers’ Index (PMI) retreated 1.5 ppts in July 2017 to 56.3%, with a value above 50% signifying expansion in the manufacturing industry. July’s PMI reflects growth in 15 of 18 industries including: electrical equipment, appliances & components; fabricated metal products; machinery; computer & electronic products; miscellaneous manufacturing; primary metals; and transportation equipment. A fabricated metal market respondent reported six consecutive profitable months for the first time since 2007, while a machinery market participant reported steady business.

The Consumer Confidence Index rose 3.8 ppts to 121.1 in July 2017 over the prior month to the highest level in 16 years.  Consumer sentiment regarding current market conditions and labor prospects improved along with short-term expectations.

New orders for manufactured durable goods in June 2017, per the full report, increased 6.4% or $14.8 billion to $245.8 billion, following a 0.1% decline in May. June shipments of manufactured durable goods decreased $0.4 billion to $236.2 billion, driven by transportation equipment, which was down 0.5% or $0.4 billion to $78.8 billion.

Per the advance estimate, real Gross Domestic Product (GDP) increased at an annual rate of 2.6% in Q2 2017, versus the 1.2% growth in Q1 2017.  The Q2 rate of expansion was attributed to positive contributions from personal consumption expenditures, nonresidential fixed investment, exports and federal government spending.  Growth was partly offset by negative contributions from private residential fixed investment, private inventory investment, and state/local government spending.  Imports, a detractor to GDP, increased.

In July 2017, the preliminary chemical and allied products Producer Price Index declined to 277.7 from the June reading of 280.8.

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