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Business Services | Second Quarter 2021

July 2021 – The SOLIC Business Services Sector Index (“SBSS Index”) was up 5.5% in Q2 2021, an impressive performance for most quarters, but significantly below the 18% increase in Q2 experienced by the S&P 500, which was lifted by a strong rebound in energy, financial and hospitality/leisure stocks as the sectors rebounded. The SBSS Index was led by Information Services (+11.1%), Professional Staffing (+9.0%), Business Process Outsourcing (+8.8%), and Marketing Services (+5.5%) reflecting strong demand for labor and operational support as businesses seek to return to pre-pandemic activity.

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