Business Applications: Total for All NAICS in Connecticut
BABATOTALNSACT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,385.00
Year-over-Year Change
7.00%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures the total number of new business applications filed in the state of Connecticut. It serves as an indicator of entrepreneurial activity and economic vitality in the region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Business Applications: Total for All NAICS in Connecticut metric tracks the number of new business applications across all industry sectors in the state. It provides insights into the level of entrepreneurship, innovation, and economic dynamism.
Methodology
The data is collected and published by the U.S. Census Bureau based on administrative records.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to gauge the health and growth potential of Connecticut's economy.
Key Facts
- Connecticut saw 9,325 new business applications in Q4 2022.
- Business applications in the state have increased by 12% over the past year.
- The finance and professional services sectors account for the most new applications.
FAQs
Q: What does this economic trend measure?
A: The Business Applications: Total for All NAICS in Connecticut metric tracks the number of new business applications filed across all industry sectors in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the level of entrepreneurial activity and economic dynamism in Connecticut, which is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau based on administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and growth potential of Connecticut's economy, informing economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical delay of 1-2 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Connecticut (BABATOTALNSACT), retrieved from FRED.