In October 2022, the number of active businesses declined by 0.3% (-2,563), following three months of no growth or negative growth. Excluding the beginning of 2020 with the onset of the COVID-19 pandemic, this was the first time on record that the number of active businesses did not post positive growth for four consecutive months. The contraction of the number of active businesses in October 2022 was due to the decline in the opening rate from 4.6% in September to 4.2% in October, combined with the slight increase of 0.1 percentage points in the closure rate (4.8%).
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