Spliced Business Formations Within Four Quarters: Total for All NAICS in South Carolina
BFSBF4QTOTALSASC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
469.00
Year-over-Year Change
27.45%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend tracks the number of new business formations in South Carolina within a four-quarter period, providing insight into entrepreneurial activity and economic dynamism in 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: Total for All NAICS in South Carolina metric measures the total number of new business applications filed in the state over a rolling 12-month period. This data is used by economists and policymakers to assess the level of entrepreneurial and small business growth.
Methodology
The data is collected and compiled by the U.S. Census Bureau from administrative records.
Historical Context
This trend serves as an important indicator of economic health and confidence, with implications for employment, investment, and future economic performance.
Key Facts
- New business applications in South Carolina totaled over 50,000 in the past year.
- Business formations have increased by 15% in the state over the past 3 years.
- The manufacturing sector accounts for the largest share of new businesses in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of new business applications filed in South Carolina over a rolling 12-month period, providing insight into entrepreneurial activity and small business growth in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic health and confidence, with implications for employment, investment, and future economic performance in South Carolina.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Census Bureau from administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the level of entrepreneurial and small business growth, which informs decisions around economic development, workforce, and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated quarterly, with a potential 1-2 month lag in reporting.
Related Trends
Housing Inventory: Median Listing Price Year-Over-Year in South Carolina
MEDLISPRIYYSC
All Employees: Financial Activities: Credit Intermediation and Related Activities including Monetary Authorities - Central Bank in South Carolina
SMU45000005552200001A
All Employees: Government: State Government Educational Services in South Carolina
SMU45000009092161101SA
Housing Inventory: Average Listing Price Month-Over-Month in South Carolina
AVELISPRIMMSC
Production or Nonsupervisory Employees: Manufacturing: Durable Goods in South Carolina
SMU45000003100000006A
All Employees: Government: Local Government Educational Services in South Carolina
SMU45000009093161101
Citation
U.S. Federal Reserve, Spliced Business Formations Within Four Quarters: Total for All NAICS in South Carolina (BFSBF4QTOTALSASC), retrieved from FRED.