SAN FRANCISCO--(BUSINESS WIRE)--The BTS Sales Index decreased by 0.3 points (0.3%) in the month of June, down to 105.4. The 1,000 companies surveyed for the BTS Sales Index reported a decrease in aggregate revenue of $8 billion, down to $3.279 trillion from $3.287 trillion in May. This is the third consecutive month of decreases for the index, which BTS began tracking in October 2017.
Key factors contributing to the decline included wage growth at a moderate pace compared to higher growth rates earlier this year. Further federal increases to interest rates are expected moving forward. Employment in key industries such as manufacturing, construction, business services, leisure and hospitality all increased in June, while the retail sector showed a decrease. Furthermore, fears of trade wars with China, the European Union and other trading partners may soon impact many sectors, particularly manufacturing.
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.