The U.S. Census Bureau has released the latest Business Formation Statistics (BFS) for August 2025, offering updated data on new business applications and formations across the United States. The BFS, 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, provide regular information on business activity.
The monthly dataset includes twelve series—four related to applications and eight to formations—with figures 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 tracks four monthly business application series for Puerto Rico using a methodology consistent with that used for U.S. BFS data.
There is no formal news release connected to this announcement; it is distributed as a tip sheet only.
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