In June, the business opening rate edged down 0.1 percentage points to 4.7% after settling at 4.8% in the previous three months. The business closure rate also edged down 0.1 percentage points to 4.7%, following a 0.2 percentage point increase in May. In June, the business opening rate was equal to its 2015-to-2019 historical average while the closure rate was 0.1 percentage points higher than its historical average.
The number of active businesses rose by 0.1% (+764 businesses) in June as the number of business openings was slightly higher than the number of business closures. In the same month, payroll employment decreased by 0.2%, real gross domestic product edged down 0.1% and business insolvency filings rose 7.3%, from 386 in May to 414 in June.
The number of business openings was relatively unchanged in most sectors in June. The slight decline in the overall number of business openings was mainly driven by professional, scientific and technical services (-182 business openings compared with May; 42.7% contribution to the overall decrease in business openings) followed by accommodation and food services (-81; 19.0% contribution) and construction (-76; 17.8% contribution). The decline was mitigated by a slight increase in business openings in health care and social assistance (+93 business openings).
The number of business closures was relatively steady in June in all sectors. The slight decrease in the overall number of business closures was mainly driven by retail trade (-90 business closures compared with May; 28.2% contribution to the overall decrease in business closures) and wholesale trade (-71; 22.3% contribution). Construction, as well as administrative and support, waste management and remediation services each contributed 17.2% (-55 business closures) to the decline in the overall number of business closures.
Chart 1: Monthly business openings and closures as a percentage of active businesses, business sector, January 2024 to June 2025, seasonally adjusted data
Description - Chart 1
Source: Table 33-10-0270-01.
Chart 2: Percent contribution of sectors to the decrease in both openings and closures, May to June 2025, seasonally adjusted data
Description - Chart 2
Source: Table 33-10-0270-01.
Note to readers
With each release, data for the preceding month are revised as additional information becomes available. This may also involve minor revisions to historical data due to seasonal adjustment. Users are encouraged to use the most up-to-date data available for each month.
Seasonal adjustment is applied separately to each sector to account for unique patterns, which can lead to discrepancies between business sector figures and the sum of sector-specific ones.
Percentages in Chart 2 represent the contribution of each sector to the business sector's overall variation. The percentage is negative when the direction of the sector's variation is different from that of the overall variation, and it's positive when sectoral and overall variation are in the same direction.
More precisely, a sector's contribution is negative if it shows a decrease in the number of businesses, while the total number of businesses has increased. Similarly, a sector's contribution is negative if it shows an increase in the number of businesses, while the total number of businesses has fallen.
For more information on the data presented in this release, see the Monthly Business Openings and Closures (5401) survey page.
Contact information
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