Business Services | Second Quarter 2020

August 2020 – The SCA Business Services Index experienced a modest recovery in Q2 2020, increasing by 24% from its multi-year low after the start of the pandemic in March 2020. However, most subsectors of Business Services remain significantly below their Q4 2019 levels, as the outlook for recovery during the second half 2020 remains highly uncertain. In particular, demand for professional staffing (-24.6% YTD), marketing services (-34.6% YTD), and HR services (-13.3% YTD) remains significantly depressed with businesses across almost all industry sectors operating substantially below pre-pandemic levels.

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