PCYCHIATRY is having problems maintaining standards of validity.
September 19, 2025REMOVING THE CORRUPT FEDERAL RESERVE IN ORDER TO REALLY SERVE THE PEOPLE.
September 20, 2025The latest on the U.S. economy shows a rebound in the second quarter of 2025 with a 3.3% GDP growth, driven by increased consumer spending and decreased imports after a contraction in the first quarter. However, rising inflation and increased jobless claims suggest potential challenges, with concerns about stagflation. The Federal Reserve recently cut interest rates for the first time since 2024 in response to a cooling labor market.
Key Economic Indicators
The economy grew at a 3.3% annual rate in the second quarter of 2025, following a 0.5% decrease in the first quarter.
Inflation rose in August, and jobless claims reached their highest level since 2021, signaling a weakening labor market.
The Federal Reserve lowered its benchmark interest rate by 25 basis points in a recent meeting, the first cut since December 2024.
Factors Influencing the Economy
Shifts in trade policy, particularly increased imports in the first quarter to avoid tariffs, significantly impacted GDP figures and were followed by a decrease in imports in the second quarter.
The impact of tariffs and the potential for a trade war continue to unsettle financial markets and raise concerns about future economic growth.
An increase in consumer spending contributed to the GDP growth in the second quarter.
Outlook and Challenges
Some economists are concerned about a potential rise in stagflation, a scenario of high inflation and stagnant economic growth.
The weakening labor market is a key concern for policymakers and a factor behind the Federal Reserve’s interest rate cut.
A third estimate for the second quarter’s GDP is expected in about a month, which may lead to further revisions of the current figures.
Annual Update of GDP, Industry, and State Statistics Starts Sept. 25
Release of the annual update of gross domestic product and related statistics, including GDP by industry, begins Sept. 25. Updates of state and county statistics start Sept. 26.
Regular annual updates enable the U.S. Bureau of Economic Analysis to refine our estimates as more complete source data become available. They are also a time to bring in improvements in methodology and presentation. This year, we’ll introduce data on business investment in data centers.

Principal Federal Economic Indicators
Gross Domestic Product
Q2 2025 (2nd)
+3.3%
Personal Income
July 2025
+0.4%
International Trade in Goods and Services
July 2025
-$78.3 B
International Transactions
Q1 2025
-$450.2 B
Noteworthy
- 2025 Annual Updates
- R&D Economic Activity
- Distribution of Personal Income Nowcast
- New! Services Trade Data for More Countries
- Data Tool: Trade in Value Added
- Updated: RIMS II Regional Multipliers
- Quick Guide: Price Indexes



Resources forCongressional Users

The Latest
Gross Domestic Product for Puerto Rico, 2023
September 16, 2025 | News Release
Real gross domestic product for Puerto Rico increased 3.0 percent in 2023 after decreasing 2.1 percent in 2022. The increase in real gross domestic product (GDP) in 2023 primarily reflected an increase in exports. Personal consumption expenditures, government spending, and private fixed investment also increased. These increases were partly offset by a decrease in private inventory investment. Imports, which are a subtraction in the calculation…
Annual Update of GDP, Industry, and State Statistics Starts Sept. 25
September 15, 2025 | The BEA Wire
BEA’s release of the annual update of gross domestic product and related statistics, including GDP by industry, begins Sept. 25. Updates of state and county statistics start Sept. 26.
Statistics on Services Trade Expanded to 147 More Countries and Areas
September 8, 2025 | The BEA Wire
For the first time, export and import statistics are available for U.S. trade in services with 237 countries and areas, up from 90 previously. Ecuador, Ethiopia, Lebanon, Pakistan, and Ukraine are among the countries newly broken out from BEA’s overall services trade statistics.
U.S. International Trade in Goods and Services, July 2025
September 4, 2025 | News Release
The U.S. goods and services trade deficit increased in July 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $59.1 billion in June (revised) to $78.3 billion in July, as imports increased more than exports. The goods deficit increased $18.2 billion in July to $103.9 billion. The services surplus decreased $1.1 billion in July to $25.6 billion.
Coming Wednesday: New and Updated Experimental R&D Statistics for the U.S. and States
August 29, 2025 | The BEA Wire
How much does research and development activity contribute to your state’s economy? How does that compare nationally? And how have R&D trends shifted across industries? To help answer these questions and more, the Bureau of Economic Analysis is updating and expanding R&D statistics introduced last year.
Personal Income and Outlays, July 2025
August 29, 2025 | News Release
Personal income increased $112.3 billion (0.4 percent at a monthly rate) in July, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $93.9 billion (0.4 percent) and personal consumption expenditures (PCE) increased $108.9 billion (0.5 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…
Gross Domestic Product, 2nd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary)
August 28, 2025 | News Release
Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending.…
Activities of U.S. Multinational Enterprises, 2023
August 22, 2025 | News Release
Worldwide employment by U.S. multinational enterprises decreased 0.4 percent to 43.9 million workers in 2023 (preliminary) from 44.1 million workers in 2022 (revised), according to statistics released today by the U.S. Bureau of Economic Analysis on the operations and finances of U.S. parent companies and their foreign affiliates.
U.S. International Trade in Goods and Services, June 2025
August 5, 2025 | News Release
The U.S. goods and services trade deficit decreased in June 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $71.7 billion in May (revised) to $60.2 billion in June, as exports decreased less than imports. The goods deficit decreased $11.4 billion in June to $85.9 billion. The services surplus increased $0.1 billion in June to $25.7 billion.
Personal Income and Outlays, June 2025
July 31, 2025 | News Release
Personal income increased $71.4 billion (0.3 percent at a monthly rate) in June, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $61.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $69.9 billion (0.3 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer…
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