Projected Business Formations Within Eight Quarters: Total for All NAICS in Midwest Census Region
BFPBF8QTOTALNSAMW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,536.00
Year-over-Year Change
9.36%
Date Range
7/1/2004 - 6/1/2025
Summary
The 'Projected Business Formations Within Eight Quarters: Total for All NAICS in Midwest Census Region' metric tracks new business formation in the Midwest U.S. over an 8-quarter period, a key indicator of economic growth and entrepreneurial activity.
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
This metric provides an estimate of the total number of new business formations projected to occur in the Midwest region over the next 8 quarters across all major industry sectors. It offers insights into the region's entrepreneurial dynamism and the pace of new company creation, which are important signals for policymakers and investors.
Methodology
The data is calculated by the U.S. Census Bureau based on a statistical model that forecasts new business applications.
Historical Context
Trends in this metric are closely monitored by economic analysts and policymakers to gauge the Midwest's business climate and prospects for future economic expansion.
Key Facts
- The Midwest accounts for over 20% of total U.S. business formations.
- New business creation in the Midwest has outpaced the national average in recent years.
- Projected business formations are a leading indicator of future regional economic growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the projected number of new business formations in the Midwest U.S. region over an 8-quarter forecast period across all major industry sectors.
Q: Why is this trend relevant for users or analysts?
A: Trends in new business formations are a key signal of entrepreneurial dynamism and economic growth prospects for the Midwest region, making this metric highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on a statistical model that forecasts new business applications.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to gauge the Midwest's business climate and prospects for future economic expansion, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a moderate update delay, and the forecasting model may have limitations in accurately predicting future business formations.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in Midwest Census Region (BFPBF8QTOTALNSAMW), retrieved from FRED.