In February, the business opening rate declined by 0.2 percentage points to 4.5%, following a 0.1 percentage point contraction in January. The opening rate in February was 0.2 percentage points below its 2015-to-2019 historical average of 4.7%. The closure rate increased by 0.1 percentage points to 4.7% in February, after a decline of 0.2 percentage points in January. For February, the closure rate was just above its historical average of 4.6%.
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