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August 28, 2025US GDP 2025 Q2 (SECOND ESTIMATE) 
The Bureau of Economic Analysis has released revised estimates of Q2 US Real Gross Domestic Product (GDP).
US real GDP growth was estimated at +3.3% (seasonally adjusted annualized rate) for Q2 2025 in the second estimate. This was the strongest growth rate seen since Q3 2023.
The increase in real GDP was driven by decreases in imports (-29.8%), which are subtracted from GDP, and increases in personal consumption expenditures (+1.6%), federal government defence spending (+1.5%), state and local spending (2.6%), and non-residential investment (+5.7%). These were partially offset by decreases in exports (-1.3%), residential investment (-4.7%), and federal non-defence spending (-12.5%).
Current-dollar GDP growth was revised to 5.3% (annualized rate) following a 3.2% current-dollar GDP increase in Q1 2025.
Private inventory investment resulted in a $32.9 billion net reduction, the first net loss since Q2 2023.
Source: US Bureau of Economic Analysis, retrieved from Federal Reserve Bank of St. Louis.
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