The Commerce Department revision shows firmer consumer spending and business investment, with inflation easing slightly
Tom Ozimek
Reporter
The U.S. economy expanded at a 3.3 percent annualized pace in the second quarter of 2025, the Commerce Department reported on Aug. 28, with the rate of growth exceeding an earlier preliminary estimate and signaling economic strength despite headwinds such as high borrowing costs.
The reading was higher than the initial “advance” estimate of 3 percent released by the Commerce Department on July 30. It also beat the 3 percent Bloomberg consensus forecast.
The increase in consumer spending, the main engine of growth, was revised up to 1.6 percent from 1.4 percent, helping push the overall gross domestic product (GDP) number higher.
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