Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Montana
BFDUR8QTOTALNSAMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.29
Year-over-Year Change
4.09%
Date Range
7/1/2004 - 12/1/2020
Summary
This economic trend measures the average time it takes for business applications in Montana to progress from initial filing to actual formation within eight quarters, providing insights into the state's entrepreneurial dynamics.
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 Eight Quarters metric tracks the time it takes for businesses in Montana to go from the application stage to officially forming, offering a snapshot of the state's entrepreneurial ecosystem and its ability to convert ideas into new enterprises.
Methodology
The data is collected and calculated by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
This trend is used by policymakers and economic analysts to understand the pace of new business formation and the efficiency of the entrepreneurial environment in Montana.
Key Facts
- The average duration from business application to formation in Montana is around 3.5 quarters.
- Montana's entrepreneurial ecosystem has seen a consistent decline in the time it takes for businesses to form in recent years.
- New business formation is a key indicator of economic dynamism and innovation in a state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average time it takes for business applications in Montana to progress from initial filing to actual formation within an 8-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the efficiency and dynamism of Montana's entrepreneurial ecosystem, which is crucial for understanding the state's economic development and ability to foster new businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to evaluate the entrepreneurial environment in Montana and inform decisions related to economic development, business support programs, and policies aimed at fostering new business formation.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 2-3 months. The metric may not capture the full complexity of the entrepreneurial ecosystem, as it only focuses on the time to business formation.
Related Trends
Mining Earnings in Montana
MTEMIN
Commercial Carbon Dioxide Emissions, Coal for Montana
EMISSCO2TOTVCCCOMTA
All Employees: Government: Local Government in Montana
SMU30000009093000001
Average Weekly Earnings of All Employees: Leisure and Hospitality in Montana
SMU30000007000000011A
Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Montana
MEDSQUFEEYYMT
Average Weekly Earnings of All Employees: Private Service Providing in Montana
SMU30000000800000011A
Citation
U.S. Federal Reserve, Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Montana (BFDUR8QTOTALNSAMT), retrieved from FRED.