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 0.4% in August 2018, marking the third consecutive monthly increase.  Manufacturing moved up 0.2%, while utilities and mining gained 1.2% and 0.7%, respectively.  In August, capacity advanced to 78.1%, which is 1.7 ppts below the 1972-2017 average.  Year-over-year, industrial production in August climbed 4.9%.  

After decreasing in July, new orders for manufactured durable goods in August rose 4.5% or $11.1 billion to $259.6 billion, per the advanced report.   Transportation equipment drove the increase, which surged 13.0% or $10.9 billion to $95.3 billion.  Shipments of manufactured durable goods, also spurred by transportation equipment, grew 0.8% or $1.9 billion to $253.1 billion.

The Purchasing Managers’ Index (PMI) decreased 1.5 ppts to 59.8% in September from the prior month.   A value above 50% signifies expansion in the manufacturing industry.  From the 18 manufacturing industries surveyed, 15 reported growth in September, while the primary metals industry declined.  Some respondents indicated that tariffs continue to affect market fundamentals, with a miscellaneous manufacturing representative attributing limited supplies to the trade war with China.

The Consumer Confidence Index advanced month-over-month in September from 134.7 to 138.4, nearing the all-time high of 144.7 in 2000.  Strong economic conditions and healthy job growth maintained consumers’ favorable assessment of current conditions, while the short-term outlook substantially improved.

The seasonally adjusted Consumer Price Index for All Urban Consumers (CPI-U) gained 0.2% in August after increasing 0.2% in June, due to positive contributions from the shelter and energy indices.  The seasonally adjusted Producer Price Index (PPI) for total final demand edged down 0.1% from July to August.

Per the third estimate, real Gross Domestic Product (GDP) increased at an annual rate of 4.2% in Q2 2018, consistent with the second estimate.  Minor upward revisions to most other GDP components offset a marginal downward revision to private inventory investment.

In August 2018, the preliminary chemical and allied products Producer Price Index increased marginally to 296.6 from the June reading of 296.5.

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