Businesses Report 4th Quarter Economic Growth
Maryland’s economic growth continued to accelerate in the fourth quarter of 2018, with more Maryland firms reporting growth in both sales and employment compared with the previous quarter.
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Fifty-seven percent of firms reported an increase in sales compared with the previous year, while 12 percent reported a decrease. In the third quarter of 2018, 50 percent reported an increase in sales and 13 percent reported a decrease compared with the previous year.
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Forty-four percent of firms reported growth in employment and 9 percent of firms reported a decrease in employment when compared with the previous year. In the third quarter of 2018, 37 percent of firms reported growth in employment and 8 percent reported a decrease compared with the previous year.
Figure 1: Revenues - Past Year
Figure 2: Employment - Past Year
