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BTS Sales Index - July 2019 Update

Molly MacLean & Lisa Wayland
July, 2019

We created the BTS Sales Index to give a simple and easy-to-understand predictive monthly metric that gives enterprise leaders the right vantage point by which to view their critical business decisions.

BTS Sales Index July 2019 Update

-0.3
BTS Sales Index July 2019:
105.5 (-0.3%)

June 2019* in the Economy

  • Aggregate revenue of BTS 1000 decreased from $3.291 trillion in May to $3.282 in June, declining by $9 billion
  • Although the Index has declined three months in a row, the percentage change has decreased month over month
  • The US economy added 224,000 jobs in June, a strong comeback for the labor market after a disappointing May
  • Employment growth has averaged 172,000 per month thus far this year, compared with an average monthly gain of 223,000 in 2018
  • Wage growth appears to have stalled again and the unemployment rate rose slightly to 3.7 percent
  • Fed policymakers are expected to cut interest rates this month, although the reduction is likely to be modest

*the July update is reflective of June 2019 data

Why

Line of business and sales leaders tasked with making strategic decisions don’t have a good measure of confidence when deciding to ramp up production or invest in customer relationships. Quarterly GDP numbers and the S&P 500 paint two different pictures of economic performance, the former too slow to incorporate new data and the latter too likely to overreact to investor sentiment.

We created the BTS Sales Index to give a simple and easy-to-understand predictive monthly metric that gives enterprise leaders the right vantage point by which to view their critical business decisions.

What

The BTS Sales Index represents the aggregate total revenue of the 1,000 largest publically traded companies in the US in one simple to understand number.

How

As mentioned above, the BTS Sales Index is comprised of the total revenue of the largest 1,000 publically traded companies incorporated in the US. Every month, we collect the total revenue reported by these companies and run the data through our custom-built indexing tool. The index uses the total revenue of the BTS 1,000 companies at the end of the second quarter of 2013 as its baseline because the economy showed signs of stable recovery. Unemployment was back to normal rates, housing prices remained steady, and stock prices were back to record levels.

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