Source: U.S. Census Bureau
Release: Business Formation Statistics
The Business Formation Statistics are now released on a monthly basis, and the quarterly series will no longer be updated. See BFDUR8QTOTALNSAMI for an alternative.
A measure of delay between business application and formation, similar to https://fred.stlouisfed.org/series/DUR4QNSAMI. The difference is that the window for business formation is restricted to eight quarters, rather than four. The series span the same period as https://fred.stlouisfed.org/series/BF8QNSAMI.
U.S. Census Bureau, Average Duration (in Quarters) from Business Application to Formation within 8 Quarters for Michigan (DISCONTINUED) [DUR8QNSAMI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DUR8QNSAMI, June 19, 2021.