High-Propensity Business Applications for Indiana
HBUSAPPWNSAIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
620.00
Year-over-Year Change
12.73%
Date Range
5/6/2006 - 6/28/2025
Summary
The High-Propensity Business Applications for Indiana measures the number of new business applications in Indiana that have a high likelihood of turning into businesses with payroll. This metric is closely watched by economists and policymakers to gauge entrepreneurial activity and potential economic growth.
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 from the U.S. Census Bureau tracks the number of new business applications filed in Indiana that show a high propensity to become operational businesses. It serves as an early indicator of future business formation and employment growth in the state.
Methodology
The data is collected and calculated based on administrative records from business applications filed with state and local governments.
Historical Context
Policymakers and analysts use this indicator to assess the entrepreneurial climate and potential for economic expansion in Indiana.
Key Facts
- Indiana saw 7,654 high-propensity business applications in August 2022.
- Applications have increased by 12% year-over-year in Indiana.
- The U.S. high-propensity business application rate is 10.7 per 1,000 population.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for Indiana metric tracks new business applications in the state that have a high likelihood of turning into operational businesses with paid employees.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists and policymakers as an early signal of future business formation, job creation, and economic growth potential in Indiana.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data based on administrative records from new business applications filed with state and local governments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the entrepreneurial climate and outlook for economic expansion in Indiana.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2 months. There may be revisions to earlier-reported figures.
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Citation
U.S. Census Bureau, High-Propensity Business Applications for Indiana (HBUSAPPWNSAIN), retrieved from FRED.