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US Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), Second Quarter 2025
Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports. Real GDP was revised up 0.3 percentage point from the advance estimate, primarily reflecting upward ... (full story)
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US economy grows 3.3% in second quarter, government says, in second estimate of April-June growth
The U.S. economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump’s trade wars. In an upgrade from its first estimate, the Commerce Department said Thursday that U.S. gross domestic product — the nation’s output of goods and services — expanded at a 3.3% annual pace from April through June after shrinking 0.5% in the first three months of 2025. The department had initially estimated second-quarter growth at 3%. The first-quarter GDP drop, the first retreat of the U.S. economy in three years, was mainly caused by a surge in imports — which are subtracted from ... (full story)
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