Business Formations Within Four Quarters: Total for All NAICS in Northeast Census Region
BFBF4QTOTALNSANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,017.00
Year-over-Year Change
26.08%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic trend measures the total number of new business formations within four quarters in the Northeast Census Region of the United States. It provides insight into entrepreneurial activity and economic dynamism 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 Formations Within Four Quarters metric tracks the total number of new business applications that lead to actual business formations over a four-quarter period. This indicator is used by economists and policymakers to assess regional entrepreneurial trends and gauge the strength of small business development.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
Policymakers monitor this indicator to understand patterns of small business creation, which can inform economic development strategies and programs.
Key Facts
- Measure of new business creation in the Northeast U.S.
- Indicator of regional entrepreneurial activity and economic dynamism.
- Used by policymakers to inform economic development strategies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations that occur within a four-quarter period in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into entrepreneurial activity and small business development in the Northeast, which is useful for economists, policymakers, and analysts assessing regional economic conditions and dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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 monitor this indicator to understand patterns of small business creation, which can inform economic development strategies and programs aimed at supporting entrepreneurship and business growth in the Northeast region.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, but there may be a delay of several months before the latest figures are released.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in Northeast Census Region (BFBF4QTOTALNSANO), retrieved from FRED.