Business Services | Second Quarter 2018
August 2018 – For the Second Quarter of 2018, the SCA Business Services Index outperformed the S&P 500. While the S&P 500 increased by 5.3% despite growing concerns over trade restrictions, the SCA Business Services index was up 8.3%. HR services (up 20.8%) led all sectors followed by Information Services (up 13%) and Marketing Services (up 12.7%). The only sector that substantially underperformed was Professional Staffing (down 8%) which was negatively impacted by concerns about the tight labor market and the ability to fill positions and pass along rising salary and benefit costs.
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