Business Applications from Corporations: Total for All NAICS in Wisconsin
BACBATOTALNSAWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
602.00
Year-over-Year Change
124.63%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic indicator tracks the number of new business applications submitted by corporations in the state of Wisconsin. It provides insights into entrepreneurial activity and business formation trends.
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 Business Applications from Corporations: Total for All NAICS in Wisconsin series measures the total number of new business applications filed by corporations in Wisconsin across all North American Industry Classification System (NAICS) sectors. This data is used by economists and policymakers to assess the health of the state's entrepreneurial ecosystem and business climate.
Methodology
The data is collected by the U.S. Census Bureau from business application filings.
Historical Context
Trends in new business formations are closely monitored by government agencies, researchers, and market analysts to gauge economic conditions and the business environment.
Key Facts
- Wisconsin saw 5,321 new business applications from corporations in January 2023.
- New business applications in Wisconsin peaked in November 2020 at 8,071.
- The state's business application levels have fluctuated but remained above pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new business applications filed by corporations in the state of Wisconsin across all industry sectors.
Q: Why is this trend relevant for users or analysts?
A: Trends in new business formations provide insights into entrepreneurial activity and the overall health of the state's business environment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from corporation business application filings.
Q: How is this trend used in economic policy?
A: Government agencies, researchers, and market analysts closely monitor this indicator to assess economic conditions and the business climate in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Business Applications from Corporations: Total for All NAICS in Wisconsin (BACBATOTALNSAWI), retrieved from FRED.