Business Applications: Total for All NAICS in Montana
BABATOTALSAMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,429.00
Year-over-Year Change
16.89%
Date Range
7/1/2004 - 6/1/2025
Summary
The 'Business Applications: Total for All NAICS in Montana' series tracks the number of new business applications filed in the state of Montana. This metric is an important leading indicator of future economic activity and entrepreneurship.
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 series represents the total number of new business applications, including corporations, partnerships, and sole proprietorships, filed across all industries in the state of Montana. It is a key measure of entrepreneurial dynamism and can signal shifts in the state's economic outlook.
Methodology
The data is collected and reported by the U.S. Census Bureau based on administrative records.
Historical Context
Policymakers and analysts use this metric to assess the business climate and entrepreneurial conditions within Montana.
Key Facts
- Montana saw 3,522 new business applications in June 2022.
- Business applications in Montana peaked at 4,301 in December 2020.
- The state's business application rate is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Business Applications: Total for All NAICS in Montana' series tracks the number of new business applications filed across all industries in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important leading indicator of future economic activity and entrepreneurship within the state, providing insights into the business climate and dynamism of Montana's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state's business environment and entrepreneurial conditions, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Montana (BABATOTALSAMT), retrieved from FRED.