Open Demo Account
Home / Market Update / U.S. Business Starts Fall 28.5% in Q4 of 2020

U.S. Business Starts Fall 28.5% in Q4 of 2020

M. Ali 14 January, 2021 10:31 pm Market Update

The United States economy continues to be affected by the Coronavirus pandemic, as evident by the decline in applications to start new businesses by 28.5% during the fourth quarter (Q4) of 2020, Reuters reported.

Data by the U.S. Department of Commerce said on Thursday that applications to start new businesses fell by 28.5% to a seasonally adjusted 1.115 million in Q4 of 2020.

In addition, the Department of Commerce’s Census Bureau will switch from issuing the report on a quarterly basis to a monthly basis, with January data set to be issued on February 10.

Tags

Check Also

European Shares Remain Subdued as Markets Await U.S.-China Trade Talks

European stocks traded cautiously on Monday, following a positive week, as investors remained on edge …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends