Business Services | First Quarter 2017
May 2017 – For the first quarter of 2017, the SCA Business Services Index increased by 3.7% compared with an increase of 4.7% for the S&P 500. While the Business Services sector as a whole underperformed the broader market, several sub-sectors outperformed the overall market. In particular, IT Services was up over 8% and Staffing and HR Services was up 5.4%, while Marketing Services was in line with the S&P 500. Despite growing uncertainty around the legislative environment in Washington, each of these sectors is perceived to be well positioned to benefit from deregulation and accelerating business investment with temporary staffing reaching an all-time high penetration rate of 2.054% in March 2017.
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