The total number of registered businesses.
- The long-term expansion of Peel’s business sector continued in June 2020.
- Although the data shows the increase in business establishments since June 2019, it does not include permanent business closures that may have occurred due to the COVID-19 pandemic as closeout procedures may take several months.
- In June 2020, businesses with employment were 2.2 per cent higher than in June 2019 while those without employment were lower by 0.8 per cent.
- The long-term shift towards the service sector continued.
There were 182,732 business establishments in Peel Region in June 2020. In June 2019, Peel’s business sector was comprised of 182,477 business establishments.
Of the 182,732 business establishments in Peel in June 2020, there were 162,679 classified2 and 20,053 unclassified3.
Business counts for June 2020 capture growth since June 2019 but do not include business closures from COVID-19 response measures as closeout procedures may take several months to be reported.
The impact on business establishments from the COVID-19 pandemic will likely be included in the year end business counts data.
Classified Business Establishments by Sector
The number of business establishments in the goods producing sector totalled 19,874 in June 2020, while the number of business establishments in the service sector totaled 142,805.
This represented respective shares of 12.2 per cent and 87.8 per cent respectively, extending the long-term shift towards services.
In June 2019, business establishments in the goods producing sector made up 13.2 per cent of total business establishments and the service sector’s share was 86.8 per cent.
1 While business establishment data is presented annually, counts are not time series as there are ongoing methodological changes which may negate true comparisons from year to year.
2 Classified businesses are those that that are assigned a NAICS code and are classified under the goods producing or service sector.
3 Unclassified business establishments are those which do not fit into any of the North American Industry Classification System (NAICS) and are therefore not yet assigned NAICS code.