Business Applications for Connecticut
BUSAPPWNSACT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,030.00
Year-over-Year Change
-6.36%
Date Range
5/6/2006 - 6/28/2025
Summary
The 'Business Applications for Connecticut' series tracks the number of new business applications filed in the state of Connecticut. This metric is closely watched by economists and policymakers as an indicator of entrepreneurial activity and future economic growth.
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
This series measures the total number of new business applications received by the U.S. Census Bureau for the state of Connecticut. It provides a timely signal of emerging business formation and investment trends within the local economy.
Methodology
The data is collected directly from administrative records of business applications filed with state and local governments.
Historical Context
Business application trends are used by analysts to forecast future employment, investment, and economic output in Connecticut.
Key Facts
- Connecticut saw over 40,000 new business applications in 2022.
- Business applications in Connecticut peaked in 2020 during the COVID-19 pandemic.
- The state's business application rate is closely tracked by local policymakers.
FAQs
Q: What does this economic trend measure?
A: The 'Business Applications for Connecticut' series tracks the number of new business applications filed in the state of Connecticut each month.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely indicator of entrepreneurial activity and future economic growth within the Connecticut economy.
Q: How is this data collected or calculated?
A: The data is collected directly from administrative records of business applications filed with state and local governments.
Q: How is this trend used in economic policy?
A: Business application trends are used by analysts, policymakers, and institutions to forecast future employment, investment, and economic output in Connecticut.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short delay, providing timely insights into emerging business formation in the state.
Related Trends
State Government Tax Collections, Total License Taxes in Connecticut
CTTLLICTAX
Residential Carbon Dioxide Emissions, Residential for Connecticut
EMISSCO2VCLRCBCTA
Average Weekly Earnings of All Employees: Financial Activities in Connecticut
SMU09000005500000011A
All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in Connecticut
SMU09000007071000001A
Total Personal Income in Connecticut
CTOTOT
Personal Consumption Expenditures: Services for Connecticut
CTPCESRV
Citation
U.S. Federal Reserve, Business Applications for Connecticut (BUSAPPWNSACT), retrieved from FRED.