Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Montana
BFDUR4QTOTALNSAMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.69
Year-over-Year Change
0.60%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic trend measures the average number of quarters between a business application and the actual formation of a new business in Montana, providing insights into the state's entrepreneurial ecosystem.
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 Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Montana tracks the time lag between when a business applies for registration and when it officially forms. This metric is used by policymakers and economists to understand the efficiency and dynamism of the state's entrepreneurial environment.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This trend offers valuable insights into Montana's business climate and can inform economic development policies.
Key Facts
- The average duration from application to formation in Montana is 1.9 quarters.
- Montana ranked 7th among U.S. states for this metric in 2022.
- The trend has shown a steady decline since 2020, indicating faster business formation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of quarters between a business application and the actual formation of a new business in Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the efficiency and dynamism of Montana's entrepreneurial environment, which is valuable for policymakers and economists.
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: This trend offers valuable insights into Montana's business climate and can inform economic development policies aimed at fostering a thriving entrepreneurial ecosystem.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Montana (BFDUR4QTOTALNSAMT), retrieved from FRED.