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.
According to the agency, the BFS provide “timely and high frequency information on new business applications and formations in the United States and Puerto Rico.” The statistics are produced through a research partnership involving 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.
The monthly release includes all 12 series—four related to business applications and eight to business formations—with coverage at national, regional, and state levels. For Puerto Rico specifically, four monthly business application series are part of this standard product. The BFS also present both seasonally adjusted and unadjusted data.
There was no accompanying news release with this announcement; it was distributed as a tip sheet only.
