Business Formation Statistics Monthly Data Release

NOV. 14, 2024 - The U.S. Census Bureau today released new Business Formation Statistics (BFS) for October 2024. The BFS provide timely and high frequency information on new business applications and formations in the United States. 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.

The full BFS dataset with all 12 series (four application and eight formation) is released monthly with statistics for the nation, region and states. This data product includes seasonally and nonseasonally adjusted data.

The U.S. Census Bureau today also released Monthly Puerto Rico Business Applications. This experimental data product features four monthly business applications series for Puerto Rico and uses the same methodology for business applications as the existing monthly Business Formation Statistics (BFS).

No news release associated with this announcement. Tip sheet only.

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