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 April 2017 advanced 1.0%, marking the third consecutive monthly increase and the largest gain since February 2014.  Manufacturing output rose 1.0%, with mining up 1.2% due to improvements in coal mining and drilling activity, and the utilities index climbing 8.6% as warm weather drove higher air-conditioning usage.  April’s industrial production was 2.2% above year-ago levels, while industrial capacity utilization rose 0.6 ppts to 76.7%, a rate that is 3.2 ppts below its 1972 to 2016 average.

The Purchasing Managers’ Index (PMI) decreased 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 1.5 ppts to 117.9 in May 2017 from April’s reading.  Although the overall long-term outlook was less optimistic, consumer sentiments regarding current and short-term economic conditions, labor markets and income prospects are holding steady.

New orders for manufactured durable goods in April 2017, per the advance report, declined 0.7% or $1.6 billion to $231.2 billion, following a 2.3% increase in March.  April shipments of manufactured durable goods were down $0.7 billion to $233.0 billion, driven by transportation equipment, off 0.5% or $0.4 billion to $77.2 billion.

Per the second estimate, real Gross Domestic Product (GDP) grew at an annual rate of 1.7% in Q1 2017, versus the 2.1% growth in Q4 2016.  The Q1 rate of expansion was attributed to positive contributions from nonresidential and residential fixed investment, exports and personal consumption expenditures.  Results were aided by revised state and local spending estimates that showed less contraction from the advance estimate.  Q1 expansion was offset by a larger negative contribution from private inventory investment and federal government spending. Imports, a detractor to GDP, increased.

In April 2017, the preliminary chemical and allied products Producer Price Index rose to 280.9 from the March reading of 278.5.

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