New businesses are forming at a healthy clip.

Business Applications · year-over-year

Applications: 15.60% — Business applications are growing 15.6% a year. That’s the 89th percentile of all its readings since 2005.

How we score this: alert below -15.00% · elevated -15.00% to -5.00% · watch -5.00% to 0.00% · ok 0.00% and up full method

High-Propensity Applications · year-over-year

High-propensity: 5.20% — High-propensity applications are growing 5.2% a year. That’s the 74th percentile of all its readings since 2005.

How we score this: alert below -15.00% · elevated -15.00% to -5.00% · watch -5.00% to 0.00% · ok 0.00% and up full method

High-propensity: up 3 readings in a row.

High-Propensity Share of Applications

HP share: 28.20% — The high-propensity share of applications is 28.2%, down 2.8 points from a year ago. That’s the 2nd percentile of all its readings since 2004.

Why it isn’t scored: A descriptive level shown for context — neither a high nor a low reading is simply good or bad.