Spliced Business Formations Within Eight Quarters: Total for All NAICS in Arizona
BFSBF8QTOTALSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
914.00
Year-over-Year Change
9.99%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures the total number of new business formations within eight quarters in Arizona across all industries. It provides 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 Eight Quarters: Total for All NAICS in Arizona metric tracks the number of newly established businesses in Arizona, aggregated across all North American Industry Classification System (NAICS) sectors. This timely indicator offers visibility into the state's entrepreneurial landscape and business climate.
Methodology
The data is collected through administrative records and surveys by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this trend to gauge Arizona's economic health and the vitality of its business environment.
Key Facts
- Arizona ranked 10th in the U.S. for business formation in 2021.
- The state experienced a 20% increase in new businesses from 2020 to 2021.
- Technology, healthcare, and professional services sectors drove much of Arizona's business creation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations within eight quarters in Arizona across all industry sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into entrepreneurial activity and economic dynamism in Arizona, which is valuable for policymakers, investors, and researchers analyzing the state's business climate.
Q: How is this data collected or calculated?
A: The data is collected through administrative records and surveys by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge Arizona's economic health and the vitality of its business environment, which can inform decisions around economic development initiatives and regulatory frameworks.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Spliced Business Formations Within Eight Quarters: Total for All NAICS in Arizona (BFSBF8QTOTALSAAZ), retrieved from FRED.