US EditionConsumer spending pushes US economy up 4.4% in third quarter, fastest in two years
Consumer spending fueled 70% of the 4.4% GDP growth in Q3, boosted by exports and business investment including AI, marking the fastest pace in two years.
- On Thursday, the Commerce Department reported U.S. gross domestic product rose at a 4.4% annual pace in the third quarter, the fastest quarterly growth since third-quarter 2023.
- Consumer spending accelerated with a 3.5% growth and exports surged while imports fell, boosting U.S. GDP in the third quarter.
- Since March, U.S. employers have added 28,000 jobs per month, slowing from 400,000 monthly in the 2021-2023 hiring boom, while the unemployment rate remains low.
- Many Americans report dissatisfaction with the economy and high cost of living, while the weaker job market contrasts with strong overall economic output.
- Despite policy uncertainty, the Commerce Department revised its estimate up from an initial 4.3% and from 3.8% in the April-June quarter, with growth persisting amid President Donald Trump's `double-digit taxes on imports from almost every country on Earth`.
95 Articles
95 Articles
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Economic growth was driven by consumer spending, investment and exports
U.S. Q3 GDP growth revised upward, growth benefits unevenly distributed
NEW YORK, Jan. 22 (Xinhua) -- U.S. real GDP grew at an annualized rate of 4.4 percent in the third quarter of 2025, marking a slight upward revision from the previous estimate of 4.3 percent, according to a final reading released Thursday by the U.S. Bureau of Economic Analysis (BEA). Read full story
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