The U.S. Census Bureau has published the latest Business Formation Statistics (BFS) for August 2025, offering updated data on new business applications and formations across the United States. The BFS is a regular product from the Census Bureau and is 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 are provided monthly at national, regional, and state levels, with both seasonally adjusted and nonseasonally adjusted figures.
In addition to national statistics, the Census Bureau has released Monthly Puerto Rico Business Applications. This experimental dataset covers four monthly business application series specific to Puerto Rico and follows the same methodology as used for other BFS data.
There was no accompanying news release for this announcement; only a tip sheet was issued.
