BTS Sales Index November 2017 Update
BTS Sales Index Nov. 2017:
November 2017 in the Economy
- Aggregate revenue of BTS 1000 in November up $3.207 trillion from $3.157 trillion in October
- GDP grew 3.3% on an annual basis in third quarter
- Increase in exports and business and consumer spending contributed to growth
- Business spending is particularly strong on equipment, software, and increased inventories; increased inventories may impact fourth quarter growth negatively
- Manufacturing and health care sectors are large contributors to job growth
- Watch for effects of President’s tax reform
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.