U.S. Economy Grew at 3.0% Rate in Second Quarter

[Mike_Hunt]

The lefties on this site will be disappointed. 

 

https://www.wsj.com/economy/us-gdp-q2-2025-359c022b?mod=WSJ_home_mediumtopper_pos_1

 

U.S. Economy Grew at 3.0% Rate in Second Quarter

 

 

 

The U.S. economy returned to growth in the second quarter after contracting in the first, largely due to trade swings. 

The Commerce Department said U.S. gross domestic product—the value of all goods and services produced across the economy—rose at a seasonally and inflation adjusted 3.0% annual rate in the second quarter.

The reading exceeded the 2.3% growth that economists surveyed by The Wall Street Journal expected.

[CallumWK]

OP should not posts links behind a paywall, which I think is against forum rules, so below is the whole story.

 

https://finance.yahoo.com/news/us-economy-grows-at-3-in-q2-rebounding-from-first-pullback-in-3-years-123438673.html

 

The reading comes after a large surge in imports ahead of President Trump's tariff whipsaw caused GDP to contract by 0.5% in the first quarter. The BEA noted that the second quarter bounce-back reflected a decrease in imports, which are a subtraction in the calculation of GDP.

 

Capital Economics North America Thomas Ryan economist pointed out that within Wednesday's data, there were still signs of slowing economic growth. Growth in sales to private domestic purchasers, which economists often reference as a key signal of underlying economic growth, rose 1.2% in the second quarter. This was lower than 1.9% growth seen in the first quarter and the slowest pace of growth since 2022.

[riclag]

28 minutes ago, Mike_Hunt said:

The lefties on this site will be disappointed. 

 

https://www.wsj.com/economy/us-gdp-q2-2025-359c022b?mod=WSJ_home_mediumtopper_pos_1

 

U.S. Economy Grew at 3.0% Rate in Second Quarter

 

 

 

The U.S. economy returned to growth in the second quarter after contracting in the first, largely due to trade swings. 

The Commerce Department said U.S. gross domestic product—the value of all goods and services produced across the economy—rose at a seasonally and inflation adjusted 3.0% annual rate in the second quarter.

The reading exceeded the 2.3% growth that economists surveyed by The Wall Street Journal expected.

Much better than the sky is falling ,doom & gloom the leftist predicted and wished for,innit ?

[riclag]

Leavitt out paces the antiTrump spin

 

[angryguy]

3 minutes ago, riclag said:

Leavitt out paces the antiTrump spin

 

Experts = arbitrary word in 2025. Unbelievable what the left has done to themselves

[riclag]

1 minute ago, angryguy said:

Experts = arbitrary word in 2025. Unbelievable what the left has done to themselves

Tosh slingers ,the whole lot.

[cjinchiangrai]

Wait for it. Chasing out Ford, Boeing and John Deere has not hit yet. The shattered markets in agriculture are just beginning to happen.  What will winter be like without Canadian gas? The idiot in chiefs wrecking ball management has not had time to play out yet. Give Trump another quarter or two for the disaster to manifest itself.

[CallumWK]

So he finally starts to catchup with Biden, but he isn't there yet, because the main reason GDP increased is that imports cratered

 

[CallumWK]

https://finance.yahoo.com/news/trump-says-powell-must-lower-interest-rates-now-following-gdp-uptick-134202172.html

 

The president called Wednesday’s 3% GDP number “WAY BETTER THAN EXPECTED” on Truth Social adding "'Too Late,' MUST NOW LOWER THE RATE," using the nickname he has repeatedly applied to Powell.

“No Inflation! Let people buy, and refinance, their homes,” the president added.

But it’s the inflation piece — despite Trump’s claims of no price increases — that is expected to keep interest rates steady later Wednesday, after inflation ticked higher in June, according to data released earlier this month from the Bureau of Labor Statistics.

GDP contracted by 0.5% in the first quarter largely because of a surge in imports, which are subtracted from GDP. The removal of that factor in the second quarter appears to have at least helped the GDP surge.

[Thailand J]

Another way to measure underlying growth is to average the results in the first and second quarters, Pantheon Macroeconomic said. That reveals the economy grew just 1.2% the first half of 2025, down from a nearly 3% pace the previous two years.

 

Economy posts sturdy growth in 2nd quarter but tariffs again skew the numbers :

https://www.usatoday.com/story/money/2025/07/30/economy-growth-q2-data/85428251007/

[Thailand J]