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Maryland Business Climate Survey shows mixed outlook

The second-quarter Maryland Business Climate Survey finds optimism continuing among Maryland business owners about the state’s long-term economic recovery prospects.

Overall, 67 percent of businesses anticipate expanding their products and services in 2011’s second half, while only 8 percent expect decreases. On the down side, while 39 percent of responding firms reported sales growth, 33 percent saw decreases.

Employment continued to grow but not robustly: 27 percent of survey participants increased their workforce while 20 percent cut back. The quarterly survey is produced by the Merrick School of Business’ Jacob France Institute at the University of Baltimore.