New automotive statistics webpage launched with business formation data

The U.S. Census Bureau has launched a new Automotive Statistics webpage that allows users to explore and interact with a variety of automotive-related economic indicators, according to the Census Economic Indicators release.

This webpage includes Business Formation Statistics (BFS), which provide timely and high-frequency information on new business applications and formations in the United States.

BFS is a standard data product developed by the Census Bureau's Center for Economic Studies in collaboration with economists from the Federal Reserve System, Federal Reserve Bank of Atlanta, University of Maryland, and University of Notre Dame.

In addition to this new webpage, the Federal Reserve Bank of St. Louis's FRED database now incorporates 13 economic indicators from the Census Bureau, enhancing access to key national economic data.

Users can also download the FRED App on Apple and Android devices to receive the latest updates on the nation's economic indicators.