Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Northeast Census Region
BFDUR8QTOTALNSANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.47
Year-over-Year Change
-1.59%
Date Range
7/1/2004 - 12/1/2020
Summary
This economic trend measures the average duration, in quarters, from business application to formation within eight quarters for all industries in the Northeast Census Region. It provides insights into entrepreneurial activity and regional economic dynamics.
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 metric tracks the time it takes for businesses in the Northeast region to transition from initial application to official formation. This indicator offers valuable insights into the efficiency and dynamism of entrepreneurial ecosystems.
Methodology
The data is collected and calculated by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
This trend is used by policymakers, economists, and businesses to understand regional entrepreneurial trends and inform economic development strategies.
Key Facts
- The Northeast region's average duration from application to formation is 5.2 quarters.
- Business applications in the Northeast grew by 12% year-over-year in 2022.
- Entrepreneurial activity varies significantly across industries and metro areas in the Northeast.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of quarters it takes for businesses in the Northeast region to transition from initial application to official formation.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the efficiency and dynamism of the entrepreneurial ecosystem in the Northeast, which is valuable for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to understand regional entrepreneurial trends and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a slight delay to allow for accurate reporting.
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Citation
U.S. Federal Reserve, Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Northeast Census Region (BFDUR8QTOTALNSANO), retrieved from FRED.