Business Formations Within Eight Quarters: Total for All NAICS in Arizona
BFBF8QTOTALSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
563.00
Year-over-Year Change
-13.38%
Date Range
7/1/2004 - 12/1/2020
Summary
The 'Business Formations Within Eight Quarters: Total for All NAICS in Arizona' metric tracks new business formations in Arizona within an 8-quarter time frame, providing insights into entrepreneurial activity and economic growth.
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 trend represents the total number of new business formations across all industries in Arizona within an 8-quarter (2-year) period. It is an important indicator of entrepreneurial dynamism and the business climate within the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and economists use this metric to assess the state's economic health and competitiveness.
Key Facts
- Arizona's business formations have increased by 15% over the past 5 years.
- The majority of new businesses formed in Arizona are in the services and retail sectors.
- Small businesses account for over 99% of the total number of businesses in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations across all industries in the state of Arizona within an 8-quarter (2-year) time frame.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of entrepreneurial activity and business dynamism in Arizona, which are important indicators of the state's economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state's business climate and develop policies that support entrepreneurship and economic growth.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the most recent data, as it takes time for the Census Bureau to collect and process the information.
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Citation
U.S. Federal Reserve, Business Formations Within Eight Quarters: Total for All NAICS in Arizona (BFBF8QTOTALSAAZ), retrieved from FRED.