Spliced Business Formations Within Four Quarters: Total for All NAICS in Northeast Census Region
BFSBF4QTOTALNSANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,195.00
Year-over-Year Change
6.82%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures new business formations within four quarters for the Northeast Census Region across all industries. It serves as an indicator of entrepreneurial activity and economic dynamism in the Northeast.
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 Spliced Business Formations Within Four Quarters: Total for All NAICS in Northeast Census Region tracks the number of new business applications filed in the Northeast region over a rolling four-quarter period. This timely data provides insights into the pace of new firm creation, a key component of economic growth and innovation.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
This metric is closely monitored by policymakers, investors, and economists to gauge the Northeast's entrepreneurial climate and prospects for future economic expansion.
Key Facts
- The Northeast Census Region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- Business formations peaked in the Northeast in Q2 2021 at over 280,000 new applications.
- New business applications declined 13.3% in the Northeast from Q2 2021 to Q2 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications filed within a rolling four-quarter period in the Northeast Census Region across all industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides timely insights into the pace of entrepreneurial activity and new firm creation in the Northeast, which is a key indicator of economic dynamism and future growth potential.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor this metric to gauge the Northeast's entrepreneurial climate and prospects for future economic expansion.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief lag, providing timely insights into new business formations in the Northeast.
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Citation
U.S. Federal Reserve, Spliced Business Formations Within Four Quarters: Total for All NAICS in Northeast Census Region (BFSBF4QTOTALNSANO), retrieved from FRED.