Source: Bloomberg (09/25/25)
The U.S. Bureau of Economic Analysis reports that inflation-adjusted gross domestic product grew at a revised 3.8% annualized pace in the second quarter. That was stronger than the previously reported 3.3% advance and followed an outright contraction in the first quarter. BEA also revised second-quarter consumer spending from a 1.6% pace to 2.5%.
The latest quarterly GDP data confirm the economy rebounded in the second quarter after a surge in imports at the start of the year when companies were racing to stock up ahead of announced tariffs. The third-quarter economy is also looking solid, with recent reports illustrating resilient consumer spending and business outlays for equipment.
This information originated from www.bloomberg.com.