Projected Business Formations Within Eight Quarters: Total for All NAICS in Arizona
BFPBF8QTOTALNSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
962.00
Year-over-Year Change
11.60%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures projected business formations within eight quarters for all industries in Arizona. It provides valuable insights into the state's entrepreneurial activity and economic outlook.
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 Eight Quarters: Total for All NAICS in Arizona metric tracks the expected number of new business establishments to be formed in the state over the next two years. This forward-looking indicator is used by policymakers and analysts to assess the health and dynamism of Arizona's business environment.
Methodology
The data is collected and calculated by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
This trend is closely monitored by economic development agencies, investors, and researchers to inform decision-making and policy.
Key Facts
- Arizona ranks among the top 10 states for new business formation.
- The state has seen a steady increase in projected business formations since 2020.
- High-growth industries like technology and healthcare are driving much of the entrepreneurial activity in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the projected number of new business establishments to be formed in Arizona over the next eight quarters, across all industries.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking indicator provides valuable insights into the entrepreneurial dynamism and economic outlook of Arizona, which is crucial for policymakers, investors, and economic development agencies.
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 closely monitored by economic development agencies, investors, and researchers to inform decision-making and policy, as it reflects the state's business environment and economic growth potential.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of approximately two months from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in Arizona (BFPBF8QTOTALNSAAZ), retrieved from FRED.