U.S. GDP Surges Much More Than Previously Estimated In Q2
(RTTNews) - Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025.
The report said real gross domestic product surged by 3.8 percent in the second quarter compared to the previously reported 3.3 percent jump. Economists had expected the pace of GDP growth to be unrevised.
The Commerce Department said the unexpectedly stronger than previously reported GDP growth primarily reflected an upward revision to consumer spending.
The sharp increase in GDP the second quarter came following a 0.6 percent decrease in the first quarter, with the upturn primarily reflecting a downturn in imports and an acceleration in consumer spending.
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U.S. Pending Home Sales Rebound From Six-Month Low In August
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Philly Fed Index Pulls Back Off Five-Year High In September
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U.S. Jobless Claims Unexpectedly Dip To Lowest Level Since Mid-July
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Philly Fed Index Pulls Back Much Less Than Expected In September
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a smaller-than-expected pullback by its reading on regional manufacturing activity in the month of September.
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22h 44min ago
U.S. Housing Starts Unexpectedly See Further Downside In August
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U.S. Weekly Jobless Claims Unexpectedly Decrease
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Fed Raises Interest Rates For First Time Since July 2023
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1 day ago
