The U.S. Census Bureau has published the latest Business Formation Statistics (BFS) for December 2025, offering updated data on new business applications and formations across the United States and Puerto Rico.
The BFS are released each month and include twelve different data series: four related to business applications and eight focused on business formations. These statistics are available at the national, regional, and state levels. For Puerto Rico, four monthly business application series are included as part of the standard release. The dataset features both seasonally adjusted and non-seasonally adjusted figures.
The BFS is a regular product from the Census Bureau that was developed in partnership with economists from several institutions: 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 U.S. Census Bureau, “The BFS provide timely and high frequency information on new business applications and formations in the United States and Puerto Rico.” The agency notes that there is no separate news release for this update; it is distributed as a tip sheet only.
For more information about Business Formation Statistics or to access current datasets, visit https://www.census.gov/econ/bfs/index.html.
