High-Propensity Business Applications for Arizona
HBUSAPPWNSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
970.00
Year-over-Year Change
14.12%
Date Range
5/6/2006 - 6/28/2025
Summary
The High-Propensity Business Applications for Arizona trend tracks the number of new high-propensity business applications filed in the state. This metric is an important leading indicator of entrepreneurial activity and 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
The High-Propensity Business Applications for Arizona metric measures the number of new business applications in the state that have a high likelihood of turning into businesses with payroll. This data provides insights into emerging entrepreneurial trends and can signal future economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through business registration filings.
Historical Context
Policymakers and analysts monitor this trend to assess the state's entrepreneurial ecosystem and predict future economic performance.
Key Facts
- Arizona saw 9,054 high-propensity business applications in July 2022.
- High-propensity applications are up 4.2% year-over-year in Arizona.
- The state's high-propensity application rate is 40.1 per 1,000 residents.
FAQs
Q: What does this economic trend measure?
A: The High-Propensity Business Applications for Arizona metric tracks the number of new business applications in the state that have a high likelihood of turning into companies with payroll.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into emerging entrepreneurial activity and can signal future economic conditions in Arizona, making it a valuable indicator for policymakers, economists, and business analysts.
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 analysts monitor this trend to assess the state's entrepreneurial ecosystem and predict future economic performance, informing decisions on economic development initiatives and small business support programs.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately two months, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications for Arizona (HBUSAPPWNSAAZ), retrieved from FRED.