Market Expectations Slightly Raised
Maryland firms are optimistic about future growth. A majority of firms surveyed expected the market for their products and services to expand in 2019 (64 percent), with only 3 percent expecting a market contraction.
Sixty-seven percent of firms surveyed expected to see an increase in their sales in the coming year, while 2 percent expected their revenues to decline. In second quarter 2018, 60 percent expected sales to increase and 6 percent expected a decrease.
Fifty-three percent of the businesses surveyed expected to see an increase in their employment in the next year, while 2 percent expected that their employment will decline. In second quarter 2018, 46 percent of firms expected employment to increase and 4 percent expected it to decrease.