Seasonally Adjusted
BF4QSAHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194.00
Year-over-Year Change
-14.54%
Date Range
7/1/2004 - 10/1/2015
Summary
The Seasonally Adjusted Business Formation Statistics (BFS) track the number of new business applications filed with the Internal Revenue Service (IRS). This metric is a key indicator of 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
The Seasonally Adjusted BFS index measures the seasonally adjusted number of new business applications filed with the IRS. It is used by economists and policymakers to understand trends in business formation and predict economic conditions.
Methodology
The data is collected directly from the U.S. Census Bureau's Business Formation Statistics program.
Historical Context
Trends in new business formation are closely watched by analysts and policymakers as a leading indicator of economic growth and innovation.
Key Facts
- The BFS index reached an all-time high in Q4 2020.
- New business applications spiked during the COVID-19 pandemic.
- Historically, the BFS has shown a strong correlation with GDP growth.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Business Formation Statistics (BFS) track the number of new business applications filed with the IRS, a key indicator of entrepreneurial activity.
Q: Why is this trend relevant for users or analysts?
A: Trends in new business formation are closely watched as a leading indicator of economic growth and innovation.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Census Bureau's Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the BFS index to understand trends in business formation and predict economic conditions.
Q: Are there update delays or limitations?
A: The BFS data is published on a quarterly basis with a short delay.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Business Formation Statistics (BF4QSAHI), retrieved from FRED.