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BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | March 26, 1992
The economies of both Baltimore and Washington deteriorated in the last three months of 1991, the second consecutive quarterly drop for both cities, according to the latest economic index prepared by Grant Thornton, an accounting firm.Baltimore was hurt by a drop in factory hours and decreasing construction permits, according to Morton D. Goldman, managing partner for Grant Thornton's Baltimore office. The Baltimore index, which had been at 108.4 three months earlier and 109 at the end of 1990, dropped to 107.7 at the end of last year.
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BUSINESS
By David Conn | January 4, 1992
Baltimore's economy deteriorated further in the third quarter of last year, reversing a slight improvement the area showed in the second quarter.The city's misfortunes were widely shared, as 20 of 24 metropolitan areas included in the Grant Thornton Index showed economic declines from July through September 1991.The index is compiled each quarter by Grant Thornton, an accounting and consulting firm.The index for the Baltimore area fell 0.3 points, to 108.1, in the third quarter, while the cumulative average for all 24 cities in the study fell 0.5 points.
BUSINESS
By Harry Milling and Harry Milling,Special to The Evening Sun Ross Hetrick contributed to this article | January 3, 1992
Pointing to economic indicators that suggest Maryland's recession is finally hitting bottom, Mark L. Wasserman, state secretary of economic and employment development, says the key to recovery now is consumer spending."
BUSINESS
By Timothy J. Mullaney | September 26, 1991
A survey by a national accounting firm shows that the Baltimore area's economy grew during the second quarter for the first time in four quarters.The Grant Thornton Index said that an increase in construction permits and a modest gain in consumer spending began to lead the local economy out of the recession between April and June."
BUSINESS
By David Conn | June 27, 1991
The Baltimore metropolitan area's economy deteriorated to its lowest level in four and a half years in the first quarter of 1991, according to a national accounting and consulting firm.Chicago-based Grant Thornton reported yesterday that its measure of seven economic indicators shows the area's economy declined at a faster pace during the first three months of the year than those of 18 other cities. Among the two dozen cities the firm tracks, only the economies in Washington, Phoenix, Boston, Philadelphia and Detroit declined more in the quarter than the Baltimore area's.
BUSINESS
By Michelle Singletary and Michelle Singletary,Evening Sun Staff | June 27, 1991
The economies of Baltimore and Washington continued to slow in the first quarter, slipping to the lowest point in three years, according to a report by Grant Thornton, a national accounting and management-consulting firm.The Grant Thornton Index, consisting of seven equally weighted economic indicators, fell 1.03 points in Baltimore, to 107.1, and 1.09 points in Washington, to 107.7, in the three months ending March 31. The index includes factory hours, non-farm payrolls, construction permits, retail sales, business starts, business failures and the money supply.
BUSINESS
By Peter H. Frank | March 28, 1991
Nearly three months into the new year, the rottenness of 1990's final quarter is still showing.The latest glimpse came yesterday thanks to the Grant Thornton Index, a rating system used to measure the economic health of 24 metropolitan areas -- 22 of which showed declines during the last three months of 1990.According to the international accounting and management consulting firm, Baltimore and Washington took especially steep hits during the year, plunging more than the nation as a whole and ending at their lowest levels since the close of 1987.
BUSINESS
March 28, 1991
The Baltimore area economy continued to slow in the 1990 fourth quarter, according to a study issued by Grant Thornton, a national accounting and management consulting firm with a local office.The Grant Thornton Index, consisting of seven equally weighted economic indicators, fell 0.65 points in Baltimore in the last three months of the year, hitting 108.7. This marked the fourth quarterly decline in the index for Baltimore since the end of 1989, when the index was at 110.5.The drop of 0.65 points was sharper than the drop of 0.23 in the third quarter.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | January 3, 1991
The worsening economy in Maryland was confirmed in a third-quarter report by Grant Thornton, a national accounting and management-consulting firm with a local office.The Grant Thornton Index, consisting of seven equally weighted economic indicators, declined 0.23 for Baltimore in the July-September period, hitting 109.1. For Washington, the index dropped 0.90 to 109.9. This is the third quarterly decline for Baltimore since the end of 1989, when the index was at 110.2.The index includes factory hours, nonfarm employment, construction permits, retail sales, business starts, business failures and money supply.
BUSINESS
By David Conn | November 4, 1990
The reviews are in: Inc. and Money magazines say we're worth a look. Two thumbs up from World Trade magazine. Financial World thinks we're the best. Fortune magazine liked the earlier version better. Grant Thornton, the accounting and consulting firm, and Cushman & Wakefield, the real estate company, panned us.And just exactly what does this all prove? It proves that just about any city or state, no matter how dynamic or dreary its business environment, can find a good review somewhere.That's not to say that the business climate in Baltimore or Maryland is pathetic.
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