US Start-Up Monitor: May 2024 Update

In May 2024, the US business landscape grew by +5% y/y, with notable outperformers including Agriculture (+31%), Manufacturing (+18%), and Wholesale (+14%), indicating robust sectoral growth. Conversely, Mining (-11%), Utilities (-20%), and Finance (-2%) lagged behind, showing underperformance compared to the overall market.

Our monitor provides a comprehensive view of the evolving landscape of new business formations, tracking business additions across all states and various industry verticals. By seasonally adjusting numbers, we ensure that data reflects the true trends and patterns, devoid of seasonal fluctuations. All the data are sourced from US Census Bureau.

US Start-Up Monitor

Business Additions: May 2024

Latest Trends: May 2024

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