High-Propensity Business Applications: Total for All NAICS in Indiana
BAHBATOTALSAIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,370.00
Year-over-Year Change
1.54%
Date Range
7/1/2004 - 7/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in Indiana trend measures the number of high-propensity business applications filed in the state. This metric provides insight into entrepreneurial activity and economic 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 metric tracks the total number of high-propensity business applications, which are filings that have a high likelihood of turning into businesses with payroll. It offers a leading indicator of new firm formation and startup growth in Indiana.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
Policymakers and analysts use this trend to assess the entrepreneurial climate and business creation in Indiana.
Key Facts
- Indiana saw 7,778 high-propensity business applications in July 2022.
- Applications peaked at 10,467 in December 2020.
- The trend has remained above pre-pandemic levels since mid-2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of high-propensity business applications filed in the state of Indiana. High-propensity applications are those with a high likelihood of turning into businesses with payroll.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into entrepreneurial activity and new firm formation in Indiana, offering a leading indicator of economic dynamism and growth in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the entrepreneurial climate and business creation in Indiana, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of approximately 2 months from the reference period.
Related Trends
Gross Domestic Product: Accommodation (721) in Indiana
INACCOMDNGSP
Chain-Type Quantity Index for Real GDP: Oil and Gas Extraction (211) in Indiana
INOILGASQGSP
Real Personal Income in Indiana
INOPER
Durable Manufacturing Earnings in Indiana
INEDUR
Coefficient for Electric Power Carbon Dioxide Emissions, Coal (Electric Utility) for Indiana
EMISSCO2CCLEIBINA
Forestry, Fishing, Related Activities and Other Wages and Salaries in Indiana
INWFOR
Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Indiana (BAHBATOTALSAIN), retrieved from FRED.