Maryland
Business Climate Survey

Businesses Report 3rd Quarter Economic Growth

Maryland’s economic growth accelerated in the third quarter of 2018, with more Maryland firms reporting growth in both sales and employment compared with the previous year.

  • Forty-nine percent of firms reported an increase in sales compared with the previous year, while 12 percent reported a decrease. In second quarter 2018, 41 percent reported an increase in sales and 13 percent reported a decrease compared with the previous year.

  • Thirty-six percent of firms reported growth in employment and 8 percent of firms reported decreases in employment when compared with the previous year. In second quarter 2018, 29 percent of firms reported a growth in employment and 13 percent reported a decrease compared with the previous year.

 

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