Business Services | First Quarter 2018

May 2018 – For the First Quarter of 2018, the SCA Business Services Index outperformed the S&P 500. While the S&P 500 declined by 2% due to growing investor worries over rising interest rates and trade restrictions, the SCA Business Services index was up 2.0%. HR Services (up 12.9%) led all sectors, followed IT Services (up 5.3%) and IT Consulting (up 4.3%) which continued their outperformance during recent quarters. The only sector that substantially underperformed was Marketing Services (down 10%) which was negatively impacted by concerns about the revenue outlook for traditional advertising firms given changing media habits.
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