Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Midwest Census Region
BFDUR8QTOTALNSAMW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.35
Year-over-Year Change
0.00%
Date Range
7/1/2004 - 12/1/2020
Summary
This economic trend measures the average time it takes for new business applications to transition into actual business formations within the Midwest Census Region, providing insights into the entrepreneurial landscape.
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
The 'Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Midwest Census Region' tracks the typical timeframe for business applications to materialize into operational entities across various industries in the Midwest. This metric offers valuable insights into the region's entrepreneurial dynamism and the factors influencing the business formation process.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
Policymakers and economic analysts use this trend to assess the business climate and identify opportunities for fostering entrepreneurship in the Midwest.
Key Facts
- The average duration from business application to formation in the Midwest is over 2 quarters.
- The Midwest region accounts for approximately 20% of total U.S. business formations.
- Trends in this metric can signal shifts in the entrepreneurial environment in the Midwest.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average time it takes for new business applications to transition into actual business formations within the Midwest Census Region, providing insights into the entrepreneurial landscape.
Q: Why is this trend relevant for users or analysts?
A: This trend offers valuable insights into the business climate and entrepreneurial dynamism in the Midwest, which is useful for policymakers, economic analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to assess the business environment and identify opportunities for fostering entrepreneurship in the Midwest region.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the U.S. Census Bureau.
Related Trends
New Privately Owned Housing Starts Total Two or More Units in the Midwest Census Region
HOUST2UMMWQ
Expenditures: Fruits and Vegetables by Region: Residence in the Midwest Census Region
CXUFRUITVEGLB1103M
Expenditures: Apparel, Boys, 2 to 15 by Region: Residence in the Midwest Census Region
CXUBOYSLB1103M
Expenditures: Cereals and Cereal Products by Region: Residence in the Midwest Census Region
CXUCEREALLB1103M
Expenditures: Vehicle Rental, Leases, Licenses, and Other Charges by Region: Residence in the Midwest Census Region
CXUVEHRNTLCLB1103M
Expenditures: Poultry by Region: Residence in the Midwest Census Region
CXUPOULTRYLB1103M
Citation
U.S. Federal Reserve, Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Midwest Census Region (BFDUR8QTOTALNSAMW), retrieved from FRED.