Business Formations Within Four Quarters: Total for All NAICS in South Carolina
BFBF4QTOTALNSASC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
384.00
Year-over-Year Change
16.72%
Date Range
7/1/2004 - 12/1/2021
Summary
The 'Business Formations Within Four Quarters: Total for All NAICS in South Carolina' trend measures new business creation in the state over a rolling 4-quarter period. This indicator provides insights 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 series tracks the total number of new businesses formed in South Carolina across all North American Industry Classification System (NAICS) sectors within a 4-quarter timeframe. It serves as a leading indicator of economic growth and innovation by capturing emerging entrepreneurial trends.
Methodology
The data is collected by the U.S. Census Bureau through a variety of administrative sources.
Historical Context
Policymakers and analysts use this metric to gauge the state's business climate and entrepreneurial vitality.
Key Facts
- South Carolina saw 17,654 new business formations in Q4 2022.
- Business formations in the state have increased by 8.2% over the past year.
- The 4-quarter rolling total reached a record high in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new businesses formed in South Carolina across all industry sectors over a rolling 4-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into entrepreneurial activity and economic dynamism within the state, serving as a leading gauge of growth and innovation.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state's business climate and entrepreneurial vitality, informing economic development strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in South Carolina (BFBF4QTOTALNSASC), retrieved from FRED.