Business Formations Within Four Quarters: Total for All NAICS in Connecticut
BFBF4QTOTALSACT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
222.00
Year-over-Year Change
45.10%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic indicator tracks the total number of new business formations within four quarters in the state of Connecticut, providing insights into entrepreneurial activity and 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
The Business Formations Within Four Quarters: Total for All NAICS in Connecticut metric measures the total number of new business formations that occur within a four-quarter period in the state. This data is used by economists and policymakers to assess entrepreneurial dynamism and the overall business climate.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by state and local governments to inform economic development policies and initiatives.
Key Facts
- Connecticut saw 5,700 new business formations in Q4 2022.
- Business formations in Connecticut have increased by 8% over the past year.
- The state ranks 15th nationally for new business formations.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of new business formations that occur within a four-quarter period in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into entrepreneurial activity and the overall business climate in Connecticut, which is valuable information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: State and local governments closely monitor this trend to inform economic development policies and initiatives aimed at fostering a favorable business environment.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in Connecticut (BFBF4QTOTALSACT), retrieved from FRED.