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 rose 0.7% in April 2018 after increasing 0.5% the previous month.  Manufacturing output edged up 0.5%, mining advanced 1.1% and the utilities index climbed 1.9%.  Capacity utilization advanced 0.4 ppts to 78.0% in April, but remains 1.8 ppts below the 1972-2017 average.  On a year-over-year basis, industrial production in April rose 3.5%.
    
Per the advanced report, new orders for manufactured durable goods in March 2018 rose 2.6% or $6.4 billion to $254.9 billion, marking the fourth increase in five months.  The growth was attributable to new orders for transportation equipment climbing 7.6% or $6.4 billion to $91.4 billion.  March shipments of manufactured durable goods edged up 0.3% or $0.7 billion to $250.0 billion, driven by transportation equipment shipments, which gained 1.8% or $1.5 billion to $83.4 billion.  

The Purchasing Managers’ Index (PMI) decreased for the second consecutive month, falling 2.0 ppts in April 2018 to 57.3%.  A value above 50% signifies expansion in the manufacturing industry.  Despite the month-over-month decline, April’s PMI nevertheless reflected growth in 17 of 18 industries.  According to several respondents, steel and aluminum tariffs resulting from the Section 232 investigation have negatively impacted the machinery, manufacturing and fabricated metal products industries, which rely on low-cost imports.  

The Consumer Confidence Index rose 1.7 ppts in April to 128.7 after falling the previous month.  Consumers are generally more optimistic about short-term labor market and business conditions. 


The seasonally adjusted Consumer Price Index for All Urban Consumers (CPI-U) in April 2018 gained 0.2% month-over-month.  The shelter index advanced 3.0% as did gasoline, which was enough to offset declines in other energy categories.  Excluding food and energy, the CPI-U edged up 0.1%.  The seasonally adjusted Producer Price Index (PPI) for total final demand in April rose 0.1% over the prior month.

Per the advance estimate, real Gross Domestic Product (GDP) increased at an annual rate of 2.3% in Q1 2018 compared to 2.9% growth in Q4 2017.  The Q1 rate of expansion was driven by positive contributions from government spending, private inventory and nonresidential fixed investments as well as personal consumption expenditures.  Imports, a detractor from GDP, have risen.


In April 2018, the preliminary chemical and allied products Producer Price Index fell to 291.3 from the March reading of 292.5.

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