Business Services | Third Quarter 2019
November 2019 – For the Third Quarter of 2019, the SCA Business Services Index increased by 1.0%, inline with the S&P 500 which rose 0.5%. Most sectors in Business Services including HR Services, Marketing Services, and Professional Staffing underperformed the broader market, as investors became increasingly concerned about the prospect of a slowing economy and its impact on slowing demand for staffing and HR related services. One sector that did outperform was Specialty Consulting which was up over 15.6% for the quarter as investors anticipated increased demand for restructuring services, as well as potential consolidation in the sector.
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