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 is a regular data product developed by the Census Bureau in 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 monthly release includes a comprehensive dataset featuring 12 series—four focused on business applications and eight on business formations. Data are provided at national, regional, and state levels. For Puerto Rico, four monthly business application series are included as part of the standard BFS product. Both seasonally adjusted and unadjusted figures are available.
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.”
No additional news release accompanied this announcement; only a tip sheet was provided.
