Spliced Business Formations Within Four Quarters: Total for All NAICS in Illinois
BFSBF4QTOTALSAIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
871.00
Year-over-Year Change
10.67%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend tracks the total number of new business formations in Illinois within a four-quarter period, providing insights into entrepreneurial activity and economic 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 Spliced Business Formations Within Four Quarters: Total for All NAICS in Illinois metric captures the total number of new business establishments formed in Illinois over a rolling four-quarter period. This data point is a key indicator of entrepreneurial vitality and can help analysts and policymakers assess the state's economic health and growth potential.
Methodology
The data is collected by the U.S. Census Bureau through business registration filings.
Historical Context
Trends in business formations are closely monitored by economists, investors, and policymakers to gauge the strength of the entrepreneurial ecosystem and broader economic conditions.
Key Facts
- Illinois ranks among the top 10 states for new business formations.
- Business formations in Illinois grew by 7.2% in the past year.
- The state's business formation rate is slightly above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of new business establishments formed in Illinois over a rolling four-quarter period, providing insights into entrepreneurial activity in the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in business formations are closely monitored by economists, investors, and policymakers as a key indicator of entrepreneurial vitality and broader economic health and growth potential.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through business registration filings.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to assess the strength of the entrepreneurial ecosystem and inform policies and programs aimed at fostering business creation and growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, reflecting the time required for business registrations to be processed and reported.
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Citation
U.S. Federal Reserve, Spliced Business Formations Within Four Quarters: Total for All NAICS in Illinois (BFSBF4QTOTALSAIL), retrieved from FRED.