Market Expectations Slightly Lowered
A majority of firms surveyed expected the market for their products and services to expand in 2019 (57 percent), with only 7 percent expecting a market contraction.
Sixty percent of firms surveyed expected to see an increase in their sales in the coming year, while 6 percent expected their revenues to decline. In fourth quarter 2017, 67 percent expected sales to increase and 6 percent expected a decrease.
Forty-six percent of the businesses surveyed expected to see an increase in their employment in the next year, while 4 percent expected that their employment will decline. In fourth quarter 2017, 55 percent of firms expected employment to increase and 3 percent expected it to decrease.