Business Births

The number of applications to start a new business fell from 27,000/week to 18,000/week during the second half of March and April. By the end of May, applications had fully recovered but they kept rising and peaked in early July at 40,000/week compared to the normal 22,500/week. Weekly applications are returning to normal but remain 20% above it. The reorientation of the economy is creating opportunities and feeding entrepreneurship.