Financial News: U.S. GDP Jumps More Than Previously Estimated In

U.S. GDP Jumps More Than Previously Estimated In Q2

08/28/2025 - 08:38:00 (RTTNews)

(RTTNews) - The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.

The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

The Commerce Department said the stronger than previously estimated growth primarily reflected upward revisions to investment and consumer spending.

The positive revisions were partly offset by a downward revision to government spending and an upward revision to imports, which are a subtraction in the calculation of GDP.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Pending Home Sales Fall More Than Expected In July (09 min(s), 53 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Thursday showed pending h ...Full Story»

Cyprus Industrial Production Growth Slows For Second Month (08 min(s), 53 sec(s) ago)
(RTTNews) - Industrial production in Cyprus grew at a slower rate for a second straight month in J ...Full Story»

Eurozone Economic Confidence Weakens In August (19 min(s), 53 sec(s) ago)
(RTTNews) - Eurozone economic sentiment softened unexpectedly in August as only industry and retai ...Full Story»

U.S. Economy Surges More Than Previously Estimated In Q2 (42 min(s), 53 sec(s) ago)
(RTTNews) - The U.S. economy grew by more than previously estimated in the second quarter of 2025, ...Full Story»

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates (48 min(s), 53 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest decrease by firs ...Full Story»

Hungary Jobless Rate Falls To 4.3% (55 min(s), 53 sec(s) ago)
(RTTNews) - Hungary's unemployment rate decreased during the May-July period, data from the Hu ...Full Story»

Sweden Economic Sentiment Rises In August (01 hr(s), 15 min(s), 53 sec(s) ago)
(RTTNews) - Sweden's economic confidence increased for the second straight month, though it st ...Full Story»

Eurozone Household Credit Growth Accelerates (01 hr(s), 32 min(s), 53 sec(s) ago)
(RTTNews) - Eurozone household credit growth reached the fastest in more than two years in July, d ...Full Story»