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:
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.
Industrial production in April 2016 increased by 0.7% after decreasing the previous two months. Manufacturing output rose 0.3% while the utilities index jumped 5.6%. Mining fell 2.4% and is down 13.4% year-over-year. Total industrial production was 1.1% below April 2015’s average while industrial capacity utilization increased 0.5 ppts to 75.4%, a rate that is 4.6 ppts below its 1972 to 2015 average.
The Purchasing Managers' Index (PMI) fell by 1.0 ppt in April to 50.8%. A value above 50% signifies expansion in the manufacturing industry with April’s reading marking two consecutive months with positive sentiment. April’s PMI reflects growth in 11 of 18 industries including machinery; fabricated metal products; primary metals; chemical products; plastics & rubber products; and computer & electronic products. The four industries reporting a decrease are petroleum & coal products; transportation equipment; miscellaneous manufacturing; and furniture & related products. Metal industry-related respondents were generally cautiously optimistic, except for the machinery sector that cited strong automotive demand.
The Consumer Confidence Index fell to 94.2 in April 2016, from 96.1 in March. The index’s decline mirrors the mixed consumer sentiment regarding current business conditions, labor and income.
New orders for manufactured durable goods in March 2016 increased by 0.8% or $1.7 billion to $230.6 billion. This follows a 3.1% decrease in February. March’s shipments of manufactured durable goods fell 0.5% or $1.1 billion to $236.9 billion, subsequent to February’s 1.0% decrease. Shipments have been down three of the last four months including transportation equipment which dropped 1.9% or $1.5 billion to $77.4 billion between February and March.
Per the advance estimate, real Gross Domestic Product (GDP) grew at an annual rate of 0.5% in Q1 2016, versus 1.4% growth in Q4 2015. The Q1 increase reflected positive contributions from personal consumption expenditures, residential fixed investment and state and local government spending that were partly offset by negative contributions from nonresidential fixed investment, private inventory investment, exports and federal government spending. Imports, a detractor from GDP, increased.
In March 2016, the chemical and allied products PPI decreased to 260.2 from February’s reading of 261.1.