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 March 2017 gained 0.5% after a 0.1% increase in February.  Manufacturing output dipped 0.4%, while mining edged up 0.1%.  Demand for heating improved in March following the unseasonably warm weather in the prior month, with the utilities index climbing 8.6%.  Total industrial production in Q1 2017 advanced at an annual rate of 1.5%, while total industrial output in March increased 1.5% year-over-year.  Industrial capacity utilization in March rose 0.4 ppts to 76.1%, a rate that is 3.8 ppts below its 1972 to 2016 average.

The Purchasing Managers’ Index (PMI) declined 2.4 ppts in April 2017 to 54.8%, with a value above 50% signifying expansion in the manufacturing industry. April’s PMI reflects growth in 16 of 18 industries including: electrical equipment; appliance & components; fabricated metal products; machinery; primary metals; miscellaneous manufacturing; computer & electronic products; and transportation equipment.  Respondents from fabricated metal markets and machinery industries have cited improved business conditions and increased sourcing of raw materials from domestic suppliers.

The Consumer Confidence Index fell 4.6 ppts to 120.3 in April 2017 from March’s reading of 124.9.  Although the index is still relatively high, the downturn suggests a more pessimistic outlook regarding current and short-term business conditions, labor markets and income prospects.

New orders for manufactured durable goods in March 2017, per the full report, rose 2.1% or $0.9 billion to $239.4 billion, up from the previously published increase of 0.7%, and following a 2.4% increase in February.  March shipments of manufactured durable goods gained $0.7 billion to $240.1 billion, driven by transportation equipment, up 0.4% or $0.4 billion to $81.6 billion.

Per the advance estimate, real Gross Domestic Product (GDP) grew at an annual rate of 0.7% in Q1 2017, versus the 2.1% growth in Q4 2016.  The Q1 rate of expansion was attributed to positive contributions from nonresidential fixed investment, exports, residential fixed investment and personal consumption expenditures.  Q1 expansion was largely offset by negative contributions from private inventory investment as well as state & local and federal government spending, while imports, a detractor from GDP, increased.

In March 2017, the preliminary chemical and allied products Producer Price Index rose to 278.5 from February’s reading of 274.9.

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