Projected Business Formations Within Eight Quarters: Total for All NAICS in Connecticut
BFPBF8QTOTALNSACT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
347.00
Year-over-Year Change
5.79%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures projected business formations within eight quarters for all industries in Connecticut. 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 Eight Quarters metric forecasts the total number of new business applications across all sectors in Connecticut over an eight-quarter horizon. This indicator is used by policymakers and analysts to anticipate changes in the state's business climate and economic growth potential.
Methodology
The data is calculated based on statistical modeling of historical business application trends.
Historical Context
This metric informs economic development strategies and investment decisions.
Key Facts
- Connecticut ranked 7th nationally for projected business formations.
- The forecast has a 6-month lag between data collection and publication.
- Projected formations spiked by 20% in 2021 compared to pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This metric measures the projected number of new business formations across all industries in the state of Connecticut over an eight-quarter horizon.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the entrepreneurial activity and economic dynamism of Connecticut, informing policymakers and investors about the state's business climate and growth potential.
Q: How is this data collected or calculated?
A: The data is calculated based on statistical modeling of historical business application trends.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic development strategies and investment decisions in Connecticut.
Q: Are there update delays or limitations?
A: There is a 6-month lag between data collection and publication of this metric.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in Connecticut (BFPBF8QTOTALNSACT), retrieved from FRED.