Business Formations Within Eight Quarters: Total for All NAICS in South Carolina
BFBF8QTOTALNSASC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
399.00
Year-over-Year Change
27.48%
Date Range
7/1/2004 - 12/1/2020
Summary
The 'Business Formations Within Eight Quarters: Total for All NAICS in South Carolina' trend measures the total number of new business formations in South Carolina over an eight-quarter period. This provides insight into entrepreneurial activity and economic dynamism within the state.
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 tracks the cumulative number of new business applications filed in South Carolina that are expected to become businesses with payroll within the next eight quarters. It serves as an indicator of future business and economic growth in the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records.
Historical Context
Policymakers and analysts use this trend to assess entrepreneurial vitality and the underlying strength of the South Carolina economy.
Key Facts
- South Carolina has seen steady growth in new business formations in recent years.
- The 'Business Formations Within Eight Quarters' trend provides a forward-looking indicator of economic activity.
- Entrepreneurship plays a key role in driving innovation and job creation in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications in South Carolina that are expected to become businesses with payroll within the next eight quarters.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into entrepreneurial activity and the underlying strength of the South Carolina economy, which is valuable for policymakers and economic analysts.
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 trend to assess entrepreneurial vitality and the future growth potential of the South Carolina economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, and there may be some delays in reporting due to the underlying administrative data sources.
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Citation
U.S. Federal Reserve, Business Formations Within Eight Quarters: Total for All NAICS in South Carolina (BFBF8QTOTALNSASC), retrieved from FRED.