Maryland
Business Climate Survey

Business Performance

After three-quarters of firms reported improved performance, Maryland’s economic growth appears to have slowed somewhat in the first quarter of 2019. Fewer Maryland firms reported increases in both sales and employment compared with the previous quarter.

  • Forty-three percent of firms reported an increase in sales compared with the previous year, while 11 percent reported a decrease. In the fourth quarter of 2018, 57 percent reported an increase in sales and 12 percent reported a decrease compared with the previous year.

  • Thirty-two percent of firms reported growth in employment and 6 percent of firms reported a decrease in employment when compared with the previous year. In the fourth quarter of 2018, 44 percent of firms reported growth in employment and 9 percent reported a decrease compared with the previous year.

Figure 1: Revenues - Past Year

Figure2: Employment - Past Year

 

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