The U.S. Census Bureau has published the latest Business Formation Statistics (BFS) for August 2025. These statistics offer up-to-date information on new business applications and formations across the United States. The BFS is a regular data product from the Census Bureau, developed in partnership with economists from 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.
The monthly release includes all 12 series—four related to applications and eight to formations—with data available at national, regional, and state levels. Both seasonally adjusted and nonseasonally adjusted figures are provided.
Additionally, the Census Bureau released Monthly Puerto Rico Business Applications as an experimental product. This new dataset provides four monthly business application series for Puerto Rico using the same methodology as existing BFS releases.
No news release accompanied this announcement; it was distributed as a tip sheet only.
