The U.S. Census Bureau has released updated Business Formation Statistics (BFS) covering September, October, and November 2025. These statistics offer current information on new business applications and formations across the United States and Puerto Rico.
The BFS are a regular data product from the Census Bureau, developed in collaboration 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.
According to the announcement, “The BFS provide timely and high frequency information on new business applications and formations in the United States and Puerto Rico.” The release includes all 12 series—four application series and eight formation series—with monthly updates at national, regional, and state levels. For Puerto Rico, four monthly business application series are also included as part of the standard product. Both seasonally adjusted and unadjusted data are available.
No additional news release accompanied this update; it was distributed as a tip sheet only.
