Business Formations Within Eight Quarters: Total for All NAICS in Arizona
BFBF8QTOTALNSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
596.00
Year-over-Year Change
8.76%
Date Range
7/1/2004 - 12/1/2020
Summary
The 'Business Formations Within Eight Quarters: Total for All NAICS in Arizona' trend tracks the number of new business formations in Arizona over an eight-quarter period, providing insights into the state's 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 represents the total number of new business formations in Arizona across all North American Industry Classification System (NAICS) sectors within an eight-quarter window. It is a key indicator of entrepreneurship and economic vitality, as new business creation drives innovation, job growth, and broader economic development.
Methodology
The data is collected and calculated by the U.S. Census Bureau's Business Formation Statistics program.
Historical Context
Policymakers and economists use this metric to assess the business climate and entrepreneurial environment in Arizona, informing economic development strategies and investment decisions.
Key Facts
- Arizona had over 20,000 new business formations in the last eight quarters.
- The state's business formation rate has remained relatively stable in recent years.
- New business creation is a key driver of job growth and economic development in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations in Arizona across all industry sectors over an eight-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Arizona's entrepreneurial activity and economic dynamism, which are key drivers of innovation, job growth, and broader economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau's Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the business climate and entrepreneurial environment in Arizona, informing economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a slight delay compared to the reference period.
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Citation
U.S. Federal Reserve, Business Formations Within Eight Quarters: Total for All NAICS in Arizona (BFBF8QTOTALNSAAZ), retrieved from FRED.