Financial News: U.S. GDP Surges Much More Than Previously Estimated

U.S. GDP Surges Much More Than Previously Estimated In Q2

09/25/2025 - 08:44:00 (RTTNews)

(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.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Unemployment Rate Jumps To 2.6% (09 min(s) ago)
(RTTNews) - The jobless rate in Japan came in at a seasonally adjusted 2.6 percent in August, the ...Full Story»

Australia Services PMI Fades In September - S&P Global (37 min(s) ago)
(RTTNews) - The services sector in Australia continued to expand in September, albeit at a slower ...Full Story»

Japan Unemployment Data Due On Friday (01 hr(s), 44 min(s) ago)
(RTTNews) - Japan will on Friday release August numbers for unemployment, highlighting a light day ...Full Story»

Treasury Announces Details Of Long-Term Securities Auctions (07 hr(s), 12 min(s) ago)
(RTTNews) - The Treasury Department on Thursday revealed the details of this month's auctions ...Full Story»

Eurozone Jobless Rate Rises Slightly (13 hr(s), 20 min(s) ago)
(RTTNews) - The euro area unemployment rate rose slightly in August but remained near record lows ...Full Story»

Hong Kong Retail Sales Growth Strongest In 20 Months (14 hr(s) ago)
(RTTNews) - Hong Kong's retail sales value increased at the fastest pace in more than one-and- ...Full Story»

Italy Jobless Rate Rises To 6.0% (15 hr(s) ago)
(RTTNews) - Italy's unemployment rate increased slightly in August after falling to over eight ...Full Story»

Romanian Producer Prices Rise 3.2% (15 hr(s), 37 min(s) ago)
(RTTNews) - Romania's producer prices increased for the second straight month in August, data ...Full Story»