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The American economy accelerated in the second quarter, as the Trade Department issued its second review Real GDP real (GDP) growth for the last quarter.
On Thursday, the Economic Analysis Office (bea) issued its third and final appreciation for the GDP for the second quarter, which showed that the economy grew at an annual rate of 3.8 % in April until June.
This figure was more hot than 3.3 % estimated than the Economists covered by LSEG, and it came at the highest estimated GDP in the second quarter of the Ministry of Commerce by 3 %.
Bea explained that the increase in GDP in the second quarter “reflected in the first place a decrease in imports, which is a sub -process in the gross domestic product account, and an increase in consumer spending. These movements were partially compensated by decline in investment and export.”
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The American economy grew quickly faster than expected in the second quarter. (David L. Ryan / The Boston Globe via Getty Images / Getty Images)
Growth in the second quarter decreased to 0.5 percentage points from the second estimate of Bea, mainly stems from higher consumer spending than previously reported.
The agency explained that consumer spending on services was reviewed and partially compensated by a declining review of the purchase of goods. The largest contributor to spending on services was transportation, financial services and insurance. The main shareholders in the spending of goods are cars and parts.
The real final sales of private local buyers, the total consumer spending and fixed, fixed private investment, were revised by 1 percentage point to 2.9 % profit in the second quarter.
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The growth in the second quarter follows the decrease in the gross domestic product in the first quarter that has been revised to the bottom of a shrinkage from 0.5 % to 0.6 %, which is left GDP growth In the first half of 2025 at an annual rate of about 1.6 %.
Bea has attributed the rise in the second quarter to a decrease in imports and an acceleration in consumer spending, which was partly compensated due to low investment.
This is a developing story. Please check again for updates.
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