U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

RTTNews | il y a 4
U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

(RTTNews) - The Commerce Department released a report on Wednesday showing the U.S. economy rebounded by more than expected in the second quarter of 2025.

The report said real gross domestic product surged by 3.0 percent in the second quarter after falling by 0.5 percent in the first quarter. Economists had expected GDP to jump by 2.5 percent.

The rebound by real GDP in the second quarter primarily reflected a sharp pullback by imports, which are a subtraction in the calculation of GDP. Imports plummeted by 30.3 percent in the second quarter after soaring by 37.9 percent in the first quarter.

An increase in consumer spending also contributed to the surge by GDP in the second quarter, while decreases in investment and exports limited the upside.

"The tariff threats pulled forward consumption in the second quarter," said Eric Teal, Chief Investment Officer for Comerica Wealth Management. "However, we anticipate the benefits from the OBBBA will offset most declines related to higher tariffs."

He added, "We are closely monitoring real rates given the U.S. debt levels and the fact that the full effects of tariff policy have yet to be realized.

The report also said the personal consumption expenditures price index increased by 2.1 percent in the second quarter compared with a 3.7 percent surge in the first quarter.

Excluding food and energy prices, the core PCE price index jumped by 2.5 percent in the second quarter after shooting up by 3.5 percent in the first quarter.

read more
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | il y a 2
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | il y a 2
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | il y a 2
U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
RTTNews | il y a 3
U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | il y a 3