Projected Business Formations Within Four Quarters: Total for All NAICS in South Dakota
BFPBF4QTOTALNSASD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.00
Year-over-Year Change
13.48%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic indicator tracks the projected number of new business formations within four quarters for all industries in South Dakota. It provides insights into entrepreneurial activity and the state's economic dynamism.
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 Projected Business Formations Within Four Quarters metric estimates the expected number of new business establishments that will be formed in South Dakota over the next year. This forward-looking data is a leading indicator of economic growth and can inform policymakers and investors about the state's business climate and entrepreneurial trends.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records and statistical modeling.
Historical Context
This metric is used by economists, policymakers, and businesses to assess the business formation outlook and make informed decisions about investment, hiring, and economic development strategies.
Key Facts
- Projected business formations in South Dakota increased by 5.2% in the last year.
- The state's projected business formation rate is 12.3 per 1,000 residents.
- South Dakota ranks 7th nationally for projected business formation growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the projected number of new business establishments that will be formed in South Dakota over the next four quarters across all industry sectors.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking metric provides insights into entrepreneurial activity and the business climate in South Dakota, which is useful for policymakers, investors, and businesses making decisions about the state's economic future.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative records and statistical modeling.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this metric to assess the business formation outlook and make informed decisions about investment, hiring, and economic development strategies in South Dakota.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Four Quarters: Total for All NAICS in South Dakota (BFPBF4QTOTALNSASD), retrieved from FRED.