The U.S. economy’s rebound in the second quarter was revised higher again, and economists say the strength likely carried into the third quarter, underscoring the resilience of the world’s largest economy.
Gross domestic product — the broadest measure of economic output — rose at an annualized rate of 3.8% from April through June, the Commerce Department said Thursday in its third and final estimate. That’s up from the 3.3% rate in the second estimate and well above the 3% initially reported.
From CNN Business:
GDP was revised higher largely due to new additional data on consumer spending. Personal consumption expenditures rose at an annualized pace of 2.5% in the second quarter, according to the third estimate, up sharply from the second estimate’s 1.6%.
The big difference between the first estimate and the third one is ‘certainly notable and outside the norm,’ Bret Kenwell, US investment analyst at investing platform eToro, told CNN.
The Federal Reserve Bank of Atlanta predicts growth to stay strong, with a 3.3% forecast for the third quarter of 2025.
Watch the clip below:
📈 "I'm a bit shocked to be honest":
Second quarter GDP has been revised HIGHER once again to 3.8% — reflecting much stronger than expected consumer spending, rising incomes, and lower imports. pic.twitter.com/B6GUy2Qfhr
— Rapid Response 47 (@RapidResponse47) September 25, 2025
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