In October, the business opening rate dropped by 0.3 percentage points to 4.5%, following a slight increase of 0.1 percentage points in the previous month. The opening rate was 0.2 percentage points below its 2015-to-2019 historical average. The decrease in the opening rate was driven by the 0.2 percentage point decline in the re-opening rate (2.9%), while the entry rate (1.7%) was relatively unchanged.
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