Quick Review of the Initial Value of U.S. GDP in the Second Quarter

Wallstreetcn
2025.07.30 12:44

The preliminary annualized quarter-on-quarter growth of the U.S. real GDP in the second quarter was 3%, higher than the expected value of 2.6%, and the previous value was 0.5%. The preliminary annualized quarter-on-quarter growth of the U.S. core Personal Consumption Expenditures (PCE) price index in the second quarter was 2.5%, exceeding the expected value of 2.3%, while the previous value was 3.5%. The data shows that U.S. economic activity rebounded in the second quarter, driven by a moderate recovery in consumer spending. Net exports contributed positively to GDP, boosting it by 5 percentage points, after having a record drag on GDP in the first quarter. This report may provide support for Trump as he continues to pressure the Federal Reserve to cut interest rates

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