Spliced Business Formations Within Eight Quarters: Total for All NAICS in Connecticut
BFSBF8QTOTALSACT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
330.00
Year-over-Year Change
5.77%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend tracks the total number of new business formations in Connecticut within eight quarters across all North American Industry Classification System (NAICS) sectors. It provides insight 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 Eight Quarters: Total for All NAICS in Connecticut metric measures the total count of new businesses registered in Connecticut within a two-year period. It is a key indicator of the state's startup and small business ecosystem.
Methodology
The data is collected by the U.S. Census Bureau through business registration filings.
Historical Context
This trend is closely monitored by state policymakers, economic development agencies, and investors to assess the business climate and entrepreneurial vitality in Connecticut.
Key Facts
- Connecticut ranked 36th nationally for new business formations in 2021.
- The state saw a 12% increase in new business filings from 2020 to 2021.
- The manufacturing and professional services sectors account for the highest shares of new businesses in Connecticut.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of new business formations registered in Connecticut within an eight-quarter (two-year) period across all NAICS industry sectors.
Q: Why is this trend relevant for users or analysts?
A: The business formations metric provides insight into entrepreneurial activity, small business dynamism, and economic vitality in the state of Connecticut.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business registration filings.
Q: How is this trend used in economic policy?
A: State policymakers, economic development agencies, and investors closely monitor this trend to assess the business climate and guide policies that support entrepreneurship and small business growth.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months, so it may not reflect the most recent business formation activity in the state.
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Citation
U.S. Federal Reserve, Spliced Business Formations Within Eight Quarters: Total for All NAICS in Connecticut (BFSBF8QTOTALSACT), retrieved from FRED.