Projected Business Formations Within Eight Quarters: Total for All NAICS in Florida
BFPBF8QTOTALSAFL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,541.00
Year-over-Year Change
-4.09%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic indicator tracks the projected number of new business formations in Florida within the next eight quarters, across all industries. 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 metric estimates the number of new businesses expected to be formed in Florida over the next two years. It is a forward-looking indicator that helps analysts and policymakers assess the state's business climate and growth potential.
Methodology
The data is collected and calculated by the U.S. Census Bureau through statistical modeling and survey responses.
Historical Context
This trend is widely used by economists, investors, and government agencies to inform economic forecasting and policy decisions.
Key Facts
- Florida ranks among the top 5 states for new business formations.
- The projected business formations metric has shown steady growth in recent years.
- Entrepreneurial activity is a key driver of economic growth and job creation.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the projected number of new business formations in Florida across all industries over the next eight quarters.
Q: Why is this trend relevant for users or analysts?
A: The projected business formations metric provides valuable insights into the state's entrepreneurial activity and economic growth potential, which is of interest to economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through statistical modeling and survey responses.
Q: How is this trend used in economic policy?
A: This indicator is widely used by government agencies, economists, and other stakeholders to inform economic forecasting, business climate assessments, and policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, and there may be some lag between the reporting period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in Florida (BFPBF8QTOTALSAFL), retrieved from FRED.