US Reports 3.3 Pct Rise In GDP In Q2-'25

(MENAFN- Kuwait News Agency (KUNA)) WASHINGTON, Aug 28 (KUNA) -- The real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the Bureau of Economic Analysis (BEA) of the US Dept. of Commerce on Thursday.
In the first quarter, real GDP decreased 0.5 percent, the report noted.
The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports.
Real GDP was revised up 0.3 percentage point from the advance estimate, primarily reflecting upward revisions to investment and consumer spending that were partly offset by a downward revision to government spending and an upward revision to imports.
Compared to the first quarter, the upturn in real GDP in the second quarter primarily reflected a downturn in imports and an acceleration in consumer spending that were partly offset by a downturn in investment.
Real final sales to private domestic purchasers, the sum of consumer spending and gross private fixed investment, increased 1.9 percent in the second quarter, revised up 0.7 percentage point from the previous estimate.
The price index for gross domestic purchases increased 1.8 percent in the second quarter, revised down 0.1 percentage point from the previous estimate.
The personal consumption expenditures (PCE) price index increased 2.0 percent, revised down 0.1 percentage point from the previous estimate. Excluding food and energy prices, the PCE price index increased 2.5 percent, the same as previously estimated.
Real gross domestic income (GDI) increased 4.8 percent in the second quarter, compared with an increase of 0.2 percent in the first quarter.
The average of real GDP and real GDI increased 4.0 percent, in contrast to a decrease of 0.1 percent in the first quarter.
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased USD 65.5 billion in the second quarter, in contrast to a decrease of USD 90.6 billion in the first quarter. (end)
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