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 September 2017 rose 0.3% from August.  Estimates for July and August were revised, registering declines of 0.1% and 0.7%, respectively.  The ongoing effects of Hurricanes Harvey and Irma have contributed to sluggish growth.  Manufacturing output edged up 0.1%, mining rose 0.4% and utilities jumped 1.5% month-over-month.  September’s industrial production was 2.2% lower than year-ago levels.  Capacity utilization was up 0.2 ppts to 76.0%, a rate that is 3.9 ppts below the 1972 to 2016 average.

The Purchasing Managers’ Index (PMI) fell 2.1 ppts in October 2017 to 58.7%.  A value above 50% signifies expansion in the manufacturing industry. October PMI reflects growth in 16 of 18 industries including: machinery; transportation equipment; miscellaneous manufacturing; computer & electronic products; fabricated metal products; electrical equipment, appliances & components; and primary metals.  A machinery respondent reported increased orders following Hurricanes Harvey and Irma, while input regarding transportation equipment cited stronger than expected business.

The Consumer Confidence Index increased 3.3 pts to 129.5 in November 2017 over the prior month, as consumer sentiment regarding job market prospects and the near-term business outlook improved.

New orders for manufactured durable goods in October 2017, per the advance report, decreased 1.2% or $2.8 billion to $236.0 billion after a 2.2% gain in September.  The decline in new orders was driven by transportation equipment, which dropped 4.3% or $3.5 billion to $77.1 billion.  October shipments of manufactured durable goods were up 0.1% or $0.3 billion to $241.0 billion, following a September increase of 1.0%.

Per the second estimate, real Gross Domestic Product (GDP) increased at an annual rate of 3.3% in Q3 2017, versus 3.1% growth in Q2 2017.  The Q3 rate of expansion was attributed to more complete source data regarding positive contributions from personal consumption expenditures, private inventory investment, nonresidential fixed investment, and exports.  This performance was partly offset by negative contributions from residential fixed investment.  Imports, a detractor to GDP, decreased.

In October 2017, the preliminary chemical and allied products Producer Price Index rose to 285.2 from the September reading of 278.7.

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