The U.S. Census Bureau has published the latest Business Formation Statistics (BFS) for August 2025. These statistics provide monthly data on new business applications and formations across the United States. The BFS are developed in partnership 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.
The dataset includes 12 different series—four related to business applications and eight to business formations. Data is available for national, regional, and state levels, and includes both seasonally adjusted and nonseasonally adjusted figures.
Additionally, the Census Bureau released Monthly Puerto Rico Business Applications. This experimental product offers four monthly business application series for Puerto Rico using the same methodology as the main BFS data.
There was no news release associated with this announcement; it was issued as a tip sheet only.
