The business opening rate dropped from 4.6% in January to 4.4% in February, 0.3 percentage points below its 2015-to-2019 historical average. Following three consecutive months of decline in April 2023, the business closure rate increased by 0.2 percentage points to settle at 4.5%, slightly below its historical average of 4.6%. As closures were higher than openings, the number of active businesses dropped by 0.2% (-1,452).
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