The U.S. Census Bureau has published the latest Business Formation Statistics (BFS) for August 2025. These statistics provide regular updates on new business applications and formations across the United States. The BFS is a standard product from the Census Bureau, created in collaboration with economists from several institutions, including the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of Atlanta, the University of Maryland, and the University of Notre Dame.
Each month, the full BFS dataset is released and includes twelve series—four focused on applications and eight on formations. The data covers national, regional, and state levels and is available in both seasonally adjusted and nonseasonally adjusted formats.
Additionally, the Census Bureau has released Monthly Puerto Rico Business Applications. This experimental dataset provides four monthly business application series for Puerto Rico using the same methods as those applied to existing BFS data.
There was no separate news release issued with this announcement; only a tip sheet was provided.
