BTS Sales Index October 2017 Update
BTS Sales Index Oct. 2017:
October 2017 in the Economy
- Aggregate revenue of BTS 1000 in October up $3.157 trillion from $3.124 trillion in September
- Impacts of hurricanes still affecting economy, though lessening from September
- U.S. GDP in second consecutive quarter of 3% growth despite impacts of hurricanes
- Retail sales and industrial production accelerating, expected to continue
- Rise in consumer durable goods orders from previous month and year-over-year is having significant positive impact on Manufacturing sector
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.
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.
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.