US EditionUS Economy Grows 3.3% in Second Quarter, Government Says, in Second Estimate of April-June Growth
The economy's rebound was driven by a 29.8% drop in imports and stronger consumer spending on health care and dining, with government spending declining by 4.7%.
- On Wednesday, the Bureau of Economic Analysis revised U.S. GDP to a 3.3% annual rate for the second quarter of 2025, up 0.3 percentage point from the advance estimate, driven by stronger investment and consumer spending.
- Tariff-Driven import swings explain the first-quarter 0.5% contraction as U.S. businesses rushed to import ahead of tariffs, with imports falling in April–June and aiding growth this year.
- Household spending rose 1.6% annually as private investment in equipment and intellectual property improved, while real final sales grew 1.9%, the Commerce Department said.
- Investors responded by pricing over 87% odds of a Fed rate cut, the U.S. Dollar Index eased 0.2% to 98.00, and officials noted the rebound even as labour market gains slowed to a 35,000 three-month average.
- The Commerce Department will release its third and final GDP estimate and annual benchmark revisions on Sept. 25, further refining economic data.
87 Articles
87 Articles
Global Economic Brief – August 28, 2025
The United States delivered the strongest performance among advanced economies. The Commerce Department confirmed GDP rose 3.3% in Q2, rebounding from a 0.5% contraction. Consumer spending climbed 1.6% and imports fell almost 30%, narrowing the trade gap. Corporate profits rose 2%, and jobless claims declined to 229k. Payroll growth slowed to 35k a month, but […]
Washington. The US economy recorded growth of 3.3% in 12 months in the second quarter of the year, according to the official estimate updated this Thursday, above the initially announced percentage.The announced figure also exceeds the forecast of markets and represents an upward revision of the 3% in 12 months that had been published in July, according to the Department of Commerce.Investors expected a smaller variation, to 3.1%, according to t…
The US economy is back on track. Favoured by falling imports and more consumption, the gross domestic product reaches 3.3 percent – expected to be 2.5. This can become a problem for Fed CEO Powell.
Fox Business
The Business TimesUS economy grew at a faster pace in Q2 following Commerce Department revision
The U.S. economy grew at a faster rate than previously thought in the second quarter after the Commerce Department released its first revision of real gross domestic product (GDP) growth for the latest quarter.The Bureau of Economic Analysis (BEA) released its second estimate of Q2 GDP, which showed the economy grew at a 3.3% rate. That figure was faster than the 3.1% estimate of economists polled by LSEG, and above the Commerce Department's ini…
US GDP growth jumps higher than expected in second estimate
US economic growth in the second quarter of the year was revised higher, to 3.3%, as US President Donald Trump’s tariffs continue to whipsaw economic data.The new results strike a sharp contrast to the first quarter, in which the economy shrank by 0.5% as businesses stockpiled imports ahead of Trump’s tariff deadlines.The sharp shifts in economic data have proved vexing for policymakers: Federal Reserve officials, including Chair Jerome Powell, …
Coverage Details
Bias Distribution
- 49% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
