Financial News: U.S. GDP Dips Slightly Less Than Previously Estimated

U.S. GDP Dips Slightly Less Than Previously Estimated In Q1

05/29/2025 - 08:42:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025.

The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.

The slightly smaller than previously estimated decline reflected an upward revision to investment that was partly offset by a downward revision to consumer spending.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New Zealand GDP Expands 0.8% In Q1 (03 hr(s), 49 min(s), 22 sec(s) ago)
(RTTNews) - New Zealand's gross domestic product expanded by a seasonally adjusted 0.8 percent ...Full Story»

Australia Unemployment Data Due On Thursday (05 hr(s), 03 min(s), 22 sec(s) ago)
(RTTNews) - Australia will on Thursday release May numbers for unemployment, highlighting a light ...Full Story»

Riksbank Signal Another Rate Cut (06 hr(s), 33 min(s), 22 sec(s) ago)
(RTTNews) - Sweden's central bank lowered its policy rate on Wednesday, as expected, and signa ...Full Story»

Fed Leaves Interest Rates Unchanged, Still Signals Two 2025 Rate Cuts (08 hr(s), 29 min(s), 22 sec(s) ago)
(RTTNews) - Despite pressure from U.S. President Donald Trump, the Federal Reserve on Wednesday an ...Full Story»

Treasury Reveals Details Of Two-Year, Five-Year & Seven-Year Note Auctions (11 hr(s), 51 min(s), 22 sec(s) ago)
(RTTNews) - The Treasury Department on Wednesday announced the details of this month's auction ...Full Story»

U.S. Crude Oil Inventories Plunge Much More Than Expected (12 hr(s), 23 min(s), 22 sec(s) ago)
(RTTNews) - A report released by the Energy Information Administration on Wednesday showed a steep ...Full Story»

U.S. Housing Starts Pull Back Sharply In May (12 hr(s), 49 min(s), 22 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Wednesday showing a steep drop by new res ...Full Story»

U.S. Jobless Claims Pull Back Off Eight-Month High (12 hr(s), 52 min(s), 22 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits edged modestly lower in the week ende ...Full Story»