Monthly estimates of business openings and closures, July 2024

In July, the business opening rate edged down 0.1 percentage points for the second consecutive month to settle at 4.5%. The opening rate was 0.2 percentage points below its 2015-to-2019 monthly historical average. The business closure rate dropped by 0.3 percentage points in July 2024 to 4.5% and was 0.1 percentage points below its monthly historical average.

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