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 August 2017 retreated 0.9% from July.  Manufacturing output was down 0.3%, mining declined 0.8% and utilities fell 5.5% month-over-month.  August’s industrial production was 1.5% above year-ago levels, although capacity utilization decreased 0.8 ppts to 76.1%, a rate that is 3.8 ppts below the 1972 to 2016 average.

The Purchasing Managers’ Index (PMI) rose 2.0 ppts in September 2017 to 60.8%.  A value above 50% signifies expansion in the manufacturing industry.  September’s PMI reflects growth in 17 of 18 industries including: machinery; transportation equipment; computer & electronic products; fabricated metal products; miscellaneous manufacturing; electrical equipment, appliances & components; and primary metals.  A machinery respondent reported continued strong orders, when seasonal demand typically weakens.

The Consumer Confidence Index fell 0.6 ppts to 119.8 in September 2017 over the prior month, likely due to the impact of Hurricanes Harvey and Irma.  Otherwise, consumer sentiments regarding current market conditions were positive, as were labor prospects and short-term expectations.

New orders for manufactured durable goods in August 2017, per the second report, increased 1.7% or $3.9 billion to $232.8 billion, following a 6.8% decline in July.  August shipments of manufactured durable goods increased $0.7 billion to $237.2 billion, driven by machinery, which was up 1.1% or $0.3 billion to $31.4 billion.

Per the third estimate, real Gross Domestic Product (GDP) increased at an annual rate of 3.1% in Q2 2017, versus the 1.2% growth in Q1 2017.  The Q2 rate of expansion was attributed to larger positive contributions from personal consumption expenditures, nonresidential fixed investment, exports, federal government spending and private inventory investment.  This performance was partly offset by negative contributions from private residential fixed investment, and state/local government spending.  Imports, a detractor to GDP, increased.

In August 2017, the preliminary chemical and allied products Producer Price Index increased to 279.5 from the July reading of 277.7.

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