Further analysis reveals a drop in business creations across 14 out of 16 main industrial groups in Q2 2023, year-on-year. The transport and storage sector experienced the most substantial decrease, recording a 59% fall in the number of business ‘births’.
The analysis highlights an improvement in business survival rates during the period. The data shows a 15% decrease in business closures year-on-year during Q2 2023. In total 84,150 businesses were removed from the IDBR, as opposed to the 99,440 closures recorded in Q2 2022.
Publisher: Business Matters
Date: 2023-08-24T10:58:19 00:00
Author: Business Matters
Twitter: @BizMattersmag
Reference: (Read more) Visit Source
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