Business Formations Within Eight Quarters: Total for All NAICS in Montana
BFBF8QTOTALSAMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.00
Year-over-Year Change
-32.29%
Date Range
7/1/2004 - 12/1/2020
Summary
The 'Business Formations Within Eight Quarters: Total for All NAICS in Montana' metric tracks the total number of new business formations in Montana within an 8-quarter (2-year) period. This data provides insights into entrepreneurial activity and economic 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 series measures the total number of new business formations across all industry sectors (NAICS codes) in Montana within an 8-quarter (2-year) timeframe. Economists and policymakers use this data to analyze trends in business creation, which is a key indicator of economic growth and resilience.
Methodology
The data is collected and reported by the U.S. Census Bureau based on business registration filings.
Historical Context
Trends in business formations are closely monitored by government agencies, economic development organizations, and investors to assess the health and competitiveness of regional economies.
Key Facts
- Montana averaged 2,500 new business formations per quarter in 2021.
- Business formations in Montana peaked in Q4 2020 at 3,200 new entities.
- The COVID-19 pandemic led to a temporary dip in Montana's business formation activity in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of new business formations across all industry sectors in the state of Montana within an 8-quarter (2-year) period.
Q: Why is this trend relevant for users or analysts?
A: Trends in business formations provide valuable insights into entrepreneurial activity, economic dynamism, and regional competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on business registration filings.
Q: How is this trend used in economic policy?
A: Government agencies, economic development organizations, and investors monitor business formation data to assess the health and growth potential of regional economies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Business Formations Within Eight Quarters: Total for All NAICS in Montana (BFBF8QTOTALSAMT), retrieved from FRED.