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US 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.
130 Articles
130 Articles
Washington. The U.S. economy recorded an annual growth of 3.3 percent in the second quarter of the year, showed the official review updated this Thursday, which was replaced by the fall of the first quarter due to the trade wars of President Donald Trump.
The US economy grew faster than previously thought in the second quarter, driven by consumer spending and spending in the artificial intelligence (AI) sector, according to an estimate released by the US Commerce Department on Thursday.
What's really going on in the Trump economy?
The U.S. economy grew faster than expected in the second quarter of the year, with GDP revised up to an annualized 3.3% from April through June. We take a closer look at what's driving those numbers, and check in on how corporate America is faring amid shifting trade policy. Also on the show: the AI data center boom, nuclear power's pop culture moment, and a retired Air Force officer's pivot to interior design.Every story has an economic angle. …
Second Quarter Real GDP Grew More than Initially Reported, BEA Announces
Second Quarter Real GDP Grew More than Initially Reported, BEA Announces U.S. Real Gross Domestic Product (GDP) growth was even stronger than initially reported, the U.S. Bureau of Economic Analysis (BEA) announced Thursday. Annualized inflation-adjusted (“real”) GDP growth was revised up 0.3 percentage point to 3.3% in BEA’s second estimate for the second quarter, improving on the expectation-exceeding rebound from the first quarter’s 0.5% dec…
U.S. Economy Grows 3.3% in Second Quarter, Exceeding Forecasts
Ever get the feeling you’re being told the same old story? The big media companies love to push their tired, old script. They say America... The post U.S. Economy Grows 3.3% in Second Quarter, Exceeding Forecasts appeared first on Patriot Journal.
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