Business Joint Ownership of the image
Maryland small and medium enterprises are somewhat less optimistic in their forecasts of turnover and profits in the next six months, as throughout the nation, but they are more optimistic about the recruitment and Outlook local economy, according to a poll released Thursday by PNC Financial Services Group.
The Montgomery County Chamber of Commerce coordinated a panel discussion on the report Thursday, the Montgomery County Conference Center, North Bethesda.
About 13 percent of entrepreneurs surveyed Maryland expected sales decline during the next six months, compared to only 8 percent nationally. Approximately 57 percent of turnover expected to rise in Maryland, compared to 63 percent nationally.
But Maryland was the owner of the store a little more optimistic than at the national level in terms of recruitment, with only 4 percent expect that the decline in recruitment in the next six months. That compared with 5 percent nationally. In addition, Maryland least the owner of the store was pessimistic in regard to the economy locally and nationally.
There were some signs of weakness prospects to see that only 19 percent in Maryland increased hiring in the next six months. That was 35 percent in a similar survey conducted last spring.
The price of housing remains a serious problem, given that 53 per cent in Maryland thought the local decline in property prices over the next six to 12 months.
Federal State, the average price for a home sold in August rose less than 1 percent to nearly $ 371000 a year ago, according to statistics from the Association of realtors Maryland. Prices have risen in the counties of Baltimore and Montgomery when he fell in Prince George’s and Frederick.
The housing slowdown has repercussions on other sectors such as agriculture and development particularly in the condominium market, “said Kenneth C. Cook, PNC’s Greater Washington CEO regional banking business. But the youth of the housing market is still quite hot, “he said.
”The good news is that low in this region are high compared with other regions across the country, “said Cook, former chairman of Mercantile Potomac Bank.
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