In the second quarter of 2025, the U.S. economy showed a 3.0% increase in annualized terms. This followed a 0.5% decline in the first quarter, driven by increased consumer spending and reduced imports.
Overview of GDP Growth
According to the Bureau of Economic Analysis, the U.S. economy grew at a 3.0% annualized rate from April to June 2025. This growth followed a 0.5% drop in GDP in the first quarter, halting the contraction seen in the previous quarter.
Consumer Spending and Import Dynamics
The main factors contributing to this growth were increased spending by Americans and a decline in imports. However, investment and exports also saw decreases during the same quarter, but these losses were not enough to negatively impact the overall figure.
Labor Market Situation in July
In July, private sector payrolls rose by 104,000, exceeding economists’ expectations. Sectors such as leisure and hospitality showed the strongest growth, despite losses in education and health services.
Thus, the U.S. economy exhibited positive trends, despite some weaknesses in investment and exports. Upcoming employment reports will be crucial indicators for future developments.
