Projected Business Formations Within Eight Quarters: Total for All NAICS in North Carolina
BFPBF8QTOTALNSANC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,252.00
Year-over-Year Change
15.60%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures projected business formations in North Carolina within the next eight quarters across all industries. It provides insights into future business activity and entrepreneurial dynamism in the state.
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 tracks the number of new business formations expected to occur over the next two years in North Carolina. This metric is used by economists and policymakers to gauge the state's entrepreneurial climate and projected economic growth.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on business registration filings.
Historical Context
This trend is relevant for understanding North Carolina's economic trajectory and informing policy decisions related to business development and support.
Key Facts
- North Carolina ranks among the top states for projected business formations.
- The trend has shown steady growth in recent years, indicating a vibrant entrepreneurial ecosystem.
- Projected business formations are a leading indicator of future economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the projected number of new business formations in North Carolina across all industries over the next eight quarters.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the entrepreneurial climate and expected future economic growth in North Carolina, making it relevant for policymakers, businesses, and investors.
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 use this trend to inform decisions related to supporting business growth, entrepreneurship, and overall economic development in North Carolina.
Q: Are there update delays or limitations?
A: The data is released quarterly, and there may be a lag of several months between the reporting period and the data's publication.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in North Carolina (BFPBF8QTOTALNSANC), retrieved from FRED.