Thu, 25 Sep 2025

Thu, 25 Sep 2025 US economic growth revised up on strong consumer spending

Growth was revised up to 3.8% in the period from April through to June - up from the previous estimate of 3.3%.

* US economy grew at an annualised rate of 3.8% in Q2, up from previous estimate of 3.3%
* Consumer spending rose by 2.5% in year to June, beating previous estimate
* GDP growth is fastest pace in nearly two years
* Retail sales rose 0.6% in August, beating expectations
* Employers added only 22,000 jobs in August, fewer than expected
* Unemployment rate ticked up from 4.2% to 4.3%
* Initial claims for unemployment insurance fell to lowest level since July
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