WASHINGTON–Real gross domestic product (GDP) increased at an annual rate of 3.0% in the second quarter of 2025, according to the advance estimate released by the U.S. Bureau of Economic Analysis.
In the first quarter, real GDP decreased 0.5%.
The increase in real GDP during Q2, which is above what many analysts had estimated, reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending, the BEA said.
These movements were partly offset by decreases in investment and exports, it added.
“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,” the BEA explained.
Additional Data
The BEA data also show:
- Real final sales to private domestic purchasers, the sum of consumer spending and gross private fixed investment, increased 1.2% in the second quarter, compared with an increase of 1.9% in the first quarter.
- The price index for gross domestic purchases increased 1.9% in the second quarter, compared with an increase of 3.4% in the first quarter.
- The personal consumption expenditures (PCE) price index increased 2.1%, compared with an increase of 3.7%. Excluding food and energy prices, the PCE price index increased 2.5%, compared with an increase of 3.5%.
