Business Formations Within Four Quarters: Total for All NAICS in Connecticut
BFBF4QTOTALNSACT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
225.00
Year-over-Year Change
46.10%
Date Range
7/1/2004 - 12/1/2021
Summary
The 'Business Formations Within Four Quarters: Total for All NAICS in Connecticut' metric tracks the number of new business formations in Connecticut over a four-quarter period. This data provides insights into 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
This series measures the total number of new business formations in Connecticut across all North American Industry Classification System (NAICS) sectors over a rolling four-quarter period. It serves as an indicator of entrepreneurial and small business growth in the state's economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on business registration filings.
Historical Context
This metric is used by policymakers, economists, and market analysts to monitor business formation trends and assess the overall business climate in Connecticut.
Key Facts
- Connecticut saw 10,984 new business formations in the four quarters ending Q2 2022.
- Business formations in Connecticut have increased by 16.5% over the past year.
- The state's business formation rate ranks 19th nationally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of new business formations in Connecticut across all industries over a rolling four-quarter period.
Q: Why is this trend relevant for users or analysts?
A: The business formation rate is an important indicator of entrepreneurial activity, small business growth, and overall economic dynamism within the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on business registration filings.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this metric to monitor business formation trends and assess the business climate in Connecticut.
Q: Are there update delays or limitations?
A: There is typically a 1-2 quarter delay in the availability of this data.
Related Trends
Average Weekly Earnings of Production Employees: Manufacturing in Connecticut
SMU09000003000000030A
Real Gross Domestic Product: Military in Connecticut
CTGOVFEDMILRGSP
All Employees: Management of Companies and Enterprises in Connecticut
SMU09000006055000001A
All Employees: Couriers and Messengers in Connecticut
SMU09000004349200001A
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Connecticut
CTPCEPCRECGD
Coefficient for Industrial Carbon Dioxide Emissions, Industrial Other for Connecticut
EMISSCO2CCLICBCTA
Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in Connecticut (BFBF4QTOTALNSACT), retrieved from FRED.