Business Services | Second Quarter 2017

July 2017 – For the second quarter of 2017, the SCA Business Services Index increased by 5.4% compared with an increase of 7.7% for the S&P 500. While the Business Services sector as a whole outperformed the broader market, several sub-sectors were notable for their performance. In particular, the IT Services and IT Consulting sectors were up over 6%, while Marketing Services and HR services both underperformed the S&P 500. Despite some concerns about weaker than expected economic growth in the second half of 2017, investors remain generally bullish on all types of technology enabled service offerings.
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