Business Applications: Total for All NAICS in Arizona
BABATOTALSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,795.00
Year-over-Year Change
4.22%
Date Range
7/1/2004 - 6/1/2025
Summary
The 'Business Applications: Total for All NAICS in Arizona' trend measures the number of new business applications filed in the state of Arizona. This metric is an important leading indicator of future economic activity and entrepreneurial dynamism.
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
This data series tracks the total number of new business applications across all industries and sectors in Arizona. It serves as a real-time barometer of new business formation and broader economic conditions within the state.
Methodology
The data is collected and published by the U.S. Census Bureau based on administrative records of business applications.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the health and outlook of Arizona's private sector.
Key Facts
- Arizona saw over 280,000 new business applications in 2022.
- Business applications in Arizona peaked during the COVID-19 pandemic.
- Trends in new business formation can signal changes in the broader economy.
FAQs
Q: What does this economic trend measure?
A: The 'Business Applications: Total for All NAICS in Arizona' metric tracks the number of new business applications filed across all industries in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data series serves as an important leading indicator of entrepreneurial activity, business dynamism, and broader economic conditions within Arizona.
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 of new business applications.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to gauge the health and outlook of Arizona's private sector and make informed decisions regarding economic and business development initiatives.
Q: Are there update delays or limitations?
A: The data is released on a weekly basis with a lag of several weeks, so there may be some delay in reflecting the most recent business application trends.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Arizona (BABATOTALSAAZ), retrieved from FRED.