Business Formations Within Eight Quarters: Total for All NAICS in Wisconsin
BFBF8QTOTALNSAWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
367.00
Year-over-Year Change
14.69%
Date Range
7/1/2004 - 12/1/2020
Summary
The 'Business Formations Within Eight Quarters: Total for All NAICS in Wisconsin' trend measures new business formations in Wisconsin within an 8-quarter time frame. This metric is a leading indicator of economic activity and entrepreneurial dynamism in 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 economic indicator tracks the total number of new business applications filed in Wisconsin that are expected to become actual business formations within 8 quarters. It provides insights into the rate of new firm creation, a key component of economic growth and innovation.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
This trend is used by policymakers, economists, and investors to assess the entrepreneurial climate and near-term economic outlook for Wisconsin.
Key Facts
- Wisconsin ranked 15th nationally for new business formations in 2021.
- The state saw a 10% increase in new business applications in 2020 compared to 2019.
- The COVID-19 pandemic led to a temporary dip in new business formations in Wisconsin in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of new business applications in Wisconsin that are expected to become actual business formations within an 8-quarter time frame.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the entrepreneurial climate and near-term economic outlook for Wisconsin, as new business formations are a key indicator of economic growth 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 of new business applications.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this trend to assess the business environment and economic outlook for Wisconsin.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Business Formations Within Eight Quarters: Total for All NAICS in Wisconsin (BFBF8QTOTALNSAWI), retrieved from FRED.