The U.S. Census Bureau has published its latest Business Formation Statistics (BFS) for July 2025. The BFS offer up-to-date and frequent data on new business applications and formations across the United States. These statistics are developed through 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.
The full BFS dataset is released every month and contains 12 series—four related to applications and eight concerning formations—with information available at national, regional, and state levels. Both seasonally adjusted and nonseasonally adjusted data are included in this release.
Additionally, the Census Bureau has made available Monthly Puerto Rico Business Applications. This experimental product provides four monthly series for Puerto Rico using the same methods as those applied in the broader BFS dataset.
There is no accompanying news release for this announcement; only a tip sheet was provided.
