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BTS Sales Index - June 2019 Update

Molly MacLean & Lisa Wayland
June, 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 June 2019 Update

-2.0
BTS Sales Index June 2019:
105.8 (-1.8%)

May 2019* in the Economy

  • Aggregate revenue of BTS 1000 decreased from $3.352 trillion in April to $3.291 in May, declining by $61 billion
  • This is the lowest point the Sales index has reached since July 2018
  • Unemployment was unchanged at 3.6 percent
  • Employers added only 75,000 jobs to the economy, a much lower number than economists predicted
  • Negotiators failed to reach an agreement with China in May, raising tariffs on $200 billion worth of Chinese imports
  • Future trade talks between the US and Mexico may also impact tariffs and the labor market

*the June update is reflective of May 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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