Spliced Business Formations Within Four Quarters: Total for All NAICS in Pennsylvania
BFSBF4QTOTALSAPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
840.00
Year-over-Year Change
25.00%
Date Range
7/1/2004 - 6/1/2025
Summary
This trend measures the total number of new business formations within four quarters for all industries in Pennsylvania. It serves as an important indicator of entrepreneurial activity and economic dynamism within the state.
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 metric tracks the total count of newly registered businesses across all North American Industry Classification System (NAICS) sectors in Pennsylvania. This timely data provides insights into the level of entrepreneurship and innovation in the state's economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through administrative business registration records.
Historical Context
Policymakers and analysts use this trend to assess the health and competitiveness of Pennsylvania's business environment.
Key Facts
- Pennsylvania ranks 6th among U.S. states for new business formations.
- Business formations in Pennsylvania grew by 12% in 2021.
- The healthcare and professional services sectors account for the most new businesses in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations across all industries within a four-quarter period in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides a timely indicator of entrepreneurial activity and economic dynamism in Pennsylvania, which is valuable for policymakers, investors, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through administrative records of new business registrations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Pennsylvania's business environment and inform decisions around economic development programs and initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so it provides a relatively timely but not real-time view of business formations in the state.
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Citation
U.S. Federal Reserve, Spliced Business Formations Within Four Quarters: Total for All NAICS in Pennsylvania (BFSBF4QTOTALSAPA), retrieved from FRED.