BTS Sales Index February 2018 Update: 0.8
BTS Sales Index Feb. 2018: 103.5 (+0.8%)
January 2018* in the Economy
- Aggregate revenue of BTS 1000 in January is up $3.220 trillion from $3.195 trillion in December
- Growth of global economies positively impacted US trade
- Large increase in private jobs added to the economy may make it harder for companies to find qualified talent in the future
- The service sector had a strong month of growth, along with Construction and Manufacturing
- Business spending increasing due to corporate tax cuts
- Watch for continued effects of President’s tax reform as well as impacts of cold weather moving forward
*the February update is reflective of January 2018 data
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.