The economy grew at a faster pace than previously estimated in the first half of 2025, data from the Commerce Department showed Wednesday.
\n\nGross domestic product rose at a 2.2 percent annualized rate in the April through June period, the government said. The previous estimate had been for 1.5 percent growth.
\n\nThe upward revision reflected stronger readings for consumer spending, investment, and government expenditures. Real consumer spending rose 3.8 percent annualized, revised up from 3.4 percent.
\n\nNominal growth, which is not adjusted for inflation, was revised up from an estimated pace of eight percent to 8.5 percent.
\n\nGrowth in real final sales to private domestic purchasers, a critical measure of underlying economic strength, was revised up by four-tenths of a percentage point to 4.6 percent. Prior to adjusting for inflation, final sales to private domestic purchasers rose at an annualized pace of 9.5 percent.
\n\nReal gross domestic income was revised up to an annual growth rate of 2.6 percent from 2.2. The average of GDP and GDI, sometimes called gross domestic output, rose 2.4 percent, up from the prior estimate of 1.8 percent.
\n\nThere was good news on inflation. Personal consumption prices climbed 5.0 percent, according to the final revision…
Original source: https://www.breitbart.com/economy/
