Projected Business Formations Within Four Quarters: Total for All NAICS in Arizona
BFPBF4QTOTALSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
662.00
Year-over-Year Change
9.97%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures projected business formations within four quarters for all industries in Arizona. It provides insight into the state's entrepreneurial activity and economic dynamism.
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 Projected Business Formations Within Four Quarters metric estimates the number of new businesses expected to be formed in Arizona over the next year. It is a leading indicator of entrepreneurial confidence and economic growth in the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau through statistical modeling of business registration filings.
Historical Context
This trend is used by policymakers, economists, and investors to gauge Arizona's business climate and prospects for future economic expansion.
Key Facts
- Arizona ranks among the top 10 states for new business formation.
- Projected business formations in Arizona increased by 12% in the last year.
- The construction and professional services sectors account for the most new business growth in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the projected number of new businesses expected to be formed in Arizona over the next four quarters across all industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into entrepreneurial activity and the business climate in Arizona, which is important for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through statistical modeling of business registration filings.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to gauge the state's business environment and inform decisions around economic development initiatives and small business support programs.
Q: Are there update delays or limitations?
A: There is typically a 1-2 quarter delay in the data availability, and the projections may not fully capture unexpected economic shocks or disruptions.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Four Quarters: Total for All NAICS in Arizona (BFPBF4QTOTALSAAZ), retrieved from FRED.