Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Midwest Census Region
BFDUR4QTOTALNSAMW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.63
Year-over-Year Change
2.52%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic trend measures the average number of quarters it takes for businesses in the Midwest region to go from filing a business application to actual formation within four quarters. It provides insights into the speed and success rate of new business creation in the region.
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 from business application to formation is a key indicator of entrepreneurial activity and the business climate in a given region. This metric tracks the time it takes for prospective businesses to become operational, which can reflect factors like regulatory environment, access to financing, and economic confidence.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on business application and formation records.
Historical Context
Policymakers and economic analysts use this trend to assess the Midwest region's business dynamism and competitiveness.
Key Facts
- The Midwest region has an average duration of X quarters from business application to formation.
- This trend has increased/decreased by Y% over the past Z years.
- The Midwest's average duration is above/below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of quarters it takes for businesses in the Midwest region to go from filing a business application to actual formation within four quarters.
Q: Why is this trend relevant for users or analysts?
A: The average duration from business application to formation is a key indicator of entrepreneurial activity and the business climate in the Midwest region. It reflects factors like the regulatory environment, access to financing, and economic confidence.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on business application and formation records.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to assess the Midwest region's business dynamism and competitiveness, which informs decisions on economic development and regulatory policies.
Q: Are there update delays or limitations?
A: There may be some delays in the data reporting, as it relies on business application and formation records. Additionally, the trend may not capture all new business activity in the region.
Related Trends
Consumer Unit Characteristics: Percent White, Asian, and All Other Races, Not Including African American by Region: Residence in the Midwest Census Region
CXUWHTNDOTHLB1103M
Income Before Taxes: Unemployment and Workers' Compensation, Veterans Benefits by Region: Residence in the Midwest Census Region
CXUOTHBNFTSLB1103M
Expenditures: Utilities, Fuels, and Public Services by Region: Residence in the Midwest Census Region
CXUUTILSLB1103M
Expenditures: Food at Home by Region: Residence in the Midwest Census Region
CXUFOODHOMELB1103M
Consumer Unit Characteristics: Percent Elementary (1-8) by Region: Residence in the Midwest Census Region
CXU980290LB1103M
New Privately Owned Housing Completions by Number of Units in Building, 20 or more Units in the Midwest Census Region
COMPDTA20UMMWQ
Citation
U.S. Federal Reserve, Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Midwest Census Region (BFDUR4QTOTALNSAMW), retrieved from FRED.