Source: SIA Editorial Staff (07/30/25)
The US economy expanded at a 3.0% annual rate in the second quarter, rebounding sharply from a 0.5% contraction in Q1, according to the Bureau of Economic Analysis. The growth was fueled by stronger consumer spending and fewer imports, which boost GDP calculations, partially offset by weaker investment and exports.
This marks a return to faster growth compared to the 2.4% expansion in Q4 2024 and 3.2% in Q3 2024. Bloomberg notes that reduced policy uncertainty, improving consumer sentiment, and trade deals with key partners such as the EU and Japan have contributed to the uptick.
The Q2 figure is the first estimate, with an updated number due Aug. 28.
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