Chart 3
Business closure rate, by industry
Note(s):
Historical average represents the average closure rate calculated using the closure rate of each of the four two-year periods preceding the pandemic: February 2015 to February 2017, February 2016 to February 2018, February 2017 to February 2019, February 2018 to February 2020.
Source(s):
Custom tabulation.
Chart description
This is a bar clustered chart.
| February 2020 to February 2022 | Historical average | |
|---|---|---|
| Utilities | 18.5 | 26.1 |
| Finance and ins., and mgmt of companies and enterprises | 22.1 | 26.7 |
| Forestry, fishing and hunting | 22.7 | 26.1 |
| Information and cultural industries | 21.9 | 25.3 |
| Construction | 20.1 | 22.3 |
| Professional, scientific and technical services | 23.3 | 25.2 |
| Mining, quarrying, and oil and gas extraction | 26.8 | 28.3 |
| Wholesale trade | 16.2 | 17.5 |
| Manufacturing | 15.7 | 16.9 |
| Retail trade | 19.7 | 20.7 |
| Admin. and support, waste mgmt and remediation ser. | 23.9 | 24.2 |
| Real estate and rental and leasing | 28.6 | 28.8 |
| Accommodation and food services | 23.8 | 23.5 |
| Health care and social assistance | 16.2 | 15.8 |
| Other services (except public administration) | 19.3 | 18.9 |
| Arts, entertainment and recreation | 22.7 | 21.8 |
| Educational services | 23.4 | 21.7 |
| Transportation and warehousing | 26.9 | 24.9 |
| Business sector | 23.4 | 24.1 |
Note(s):
Historical average represents the average closure rate calculated using the closure rate of each of the four two-year periods preceding the pandemic: February 2015 to February 2017, February 2016 to February 2018, February 2017 to February 2019, February 2018 to February 2020.
Source(s):
Custom tabulation.
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