Projected Business Formations Within Eight Quarters: Total for All NAICS in Alabama
BFPBF8QTOTALNSAAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
496.00
Year-over-Year Change
23.38%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures projected business formations within eight quarters for all industries in Alabama. It provides insights into the state's entrepreneurial activity and 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 Eight Quarters trend estimates the number of new businesses expected to be formed in Alabama over the next two years. It is a leading indicator of economic growth and investment.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on business registration filings.
Historical Context
This trend is closely monitored by policymakers, economic development agencies, and investors to assess Alabama's business climate and growth potential.
Key Facts
- Alabama ranks 26th in the U.S. for projected business formations.
- The trend has shown steady growth in recent years.
- Projected business formations are a leading indicator of job creation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the projected number of new business formations in Alabama over the next eight quarters, across all industries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Alabama's entrepreneurial activity and economic dynamism, which are important factors for policymakers, investors, and economic development agencies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on business registration filings.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies closely monitor this trend to assess Alabama's business climate and growth potential, informing decisions on policies and incentives.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months, and may not capture the full impact of recent economic events.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in Alabama (BFPBF8QTOTALNSAAL), retrieved from FRED.