SAN FRANCISCO--(BUSINESS WIRE)--The BTS Sales Index decreased by 1.2 points (1.1%) last month, down to 107.7. The 1,000 companies of the BTS Sales Index reported aggregate revenue of $3.349 trillion, down from $3.387 trillion in April, a $38 billion decrease. This decrease follows three consecutive months of increases for the index, which BTS began tracking in October 2017.
The decrease in the BTS Sales Index reflects a drop in manufacturing and factory activities for the second month in a row, due to a shortage of skilled workers and capacity constraints. Raw materials costs are rising which can indicate inflation pressures and potentially rising interest rates in the near future. Construction spending also fell unexpectedly, primarily due to a drop in private construction such as home building. Non-manufacturing growth slowed from last month as well.
What is the BTS Sales Index?
The BTS Sales Index is a simple and predictive monthly metric that gives enterprise leaders the right vantage point by which to view their critical business decisions.
It represents the aggregate total revenue of the 1,000 largest publicly traded companies in the U.S. in one easy-to-understand number. Every month, the total revenue reported by these companies is run through BTS’ custom-built indexing tool. The index uses Q2 2013 numbers as a baseline based on the quarter’s stable economic recovery indicators.
The BTS Sales Index is published in the first week of every month, reflecting the previous month’s data, along with context such as industry-specific trends and job rates that impact revenue.
Find the BTS Sales Index here.
BTS is a global professional services firm headquartered in Stockholm, Sweden, with 650 professionals in 33 offices located on six continents. We focus on the people side of strategy, working with leaders at all levels to help them make better decisions, convert those decisions to actions and deliver results. For 30 years, we've been designing fun, powerful experiences that have a profound and lasting impact on people and their careers. It’s strategy made personal.
BTS is a public company trading on the Nasdaq Stockholm under the symbol BTS B.