Business Formations Within Four Quarters: Total for All NAICS in Montana
BFBF4QTOTALSAMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.00
Year-over-Year Change
37.74%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic trend measures the total number of new business formations within four quarters in Montana, across all North American Industry Classification System (NAICS) industries. It provides insight into entrepreneurial activity and economic dynamism at the state level.
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 trend tracks the creation of new employer businesses in Montana. It is a leading indicator of economic growth and confidence, as new business formation often precedes increased hiring, investment, and innovation.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records.
Historical Context
Policymakers and analysts use this metric to assess the health and trajectory of Montana's entrepreneurial ecosystem.
Key Facts
- Montana saw 2,359 new business formations in Q4 2022.
- Business formations in Montana increased by 3.2% year-over-year.
- The state ranks 35th nationally for total new business formations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations within a four-quarter period in Montana, across all NAICS industries.
Q: Why is this trend relevant for users or analysts?
A: New business formation is a leading indicator of economic growth and confidence, as it often precedes increased hiring, investment, and innovation.
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.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and trajectory of Montana's entrepreneurial ecosystem.
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 Montana (BFBF4QTOTALSAMT), retrieved from FRED.