Economy

US Economy Surges 3 Percent in 2nd Quarter, Tops Market Estimates

Consumer spending increased by 1.4 percent, but gains were tempered by a decline in business investment.
US Economy Surges 3 Percent in 2nd Quarter, Tops Market Estimates
Employee Leonora Miramontes stocks shelfs at a Target store in Chicago on Nov. 26, 2024. Kamil Krzaczynski/AFP via Getty Images
Andrew Moran
|Updated:
0:00

The U.S. economy sharply rebounded in the second quarter following a contraction in the first three months of 2025.

The GDP surged 3 percent in the April-to-June period, up from the 0.5 percent decline in the first quarter, according to the advanced estimate from the Bureau of Economic Analysis.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."