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 edged-up 0.3% in September 2018, consistent with growth in the prior two months.  Although Hurricane Florence negatively impacted output, total Q3 industrial production advanced at an annual rate of 3.3%.  Manufacturing output in September moved up 0.2%, the fourth monthly consecutive increase, while utilities was unchanged and mining improved 0.5%.  Capacity utilization remained stable at 78.1%, which is 1.7 ppts below the 1972-2017 average.  Year-over-year, industrial production in September climbed 5.1%.  

New orders for manufactured durable goods in September, up three of the last four months, gained 0.8% or $2.0 billion to $262.1 billion.  Transportation equipment, advancing 1.9% or $1.8 billion to $97.4 billion, drove the increase.  In the meanwhile, shipments of manufactured durable goods, which also rose three of the past four months, climbed 1.3% or $3.3 billion to $256.8 billion.

The Purchasing Managers’ Index (PMI) continued to decline in October, down 2.1 ppts from the September reading to 57.7%.  A value above 50% signifies expansion in the manufacturing industry.  From the 18 manufacturing industries surveyed all but five reported growth in October.  Demand is strong in the transportation industry, one respondent said, however supply chains are tight.  A representative from the machinery industry indicated steady demand but declining backlogs.

The Consumer Confidence Index advanced month-over-month in October from 135.3 to 137.9, growing closer to the all-time high of 144.7 in 2000.    Consumers’ assessments of current conditions remained favorable, as were those for the labor market.  Short-term optimism improved again in October, however the outlook for the labor market was mixed.

The seasonally adjusted Consumer Price Index for All Urban Consumers (CPI-U) gained 0.1% in September after rising 0.2% in August, due to a positive contribution from the shelter index.  The seasonally adjusted Producer Price Index (PPI) for total final demand was 0.2% higher in September compared to August levels.

Per the advanced estimate, real Gross Domestic Product (GDP) increased at an annual rate of 3.5% in Q3 2018.  Growth in personal consumption expenditures, private inventory investment, state and local government spending, federal government spending and nonresidential fixed investment were partly offset by negative contributions from exports and residential fixed investment.  Imports, a detraction from the GDP, have risen.

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