The U.S. Census Bureau has published the latest Business Formation Statistics (BFS) for December 2025, offering updated information on new business applications and formations across the United States and Puerto Rico.
The BFS are a regular data product from the Census Bureau. They are developed 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.
According to the Census Bureau, “The BFS provide timely and high frequency information on new business applications and formations in the United States and Puerto Rico. The BFS are a standard data product of the Census Bureau, developed in research collaboration with economists affiliated with 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.”
Each month, twelve series—four application series and eight formation series—are released for national, regional, and state levels. For Puerto Rico specifically, four monthly business application series are included as part of this standard product. The statistics cover both seasonally adjusted and non-adjusted data.
There is no news release accompanying this announcement; it is distributed as a tip sheet only.
