The U.S. expanded at a 3% annual pace in the second quarter, masking signs of weakness in the economy as businesses and ...

Driving last quarter’s growth was a burst of business investment. Excluding housing, business spending surged at a 7.7% annual rate, the fastest such pace since early 2022.

U.S. economic growth rebounded more than expected in the second quarter, but that measurement grossly overstated the ...

Consumer spending, which accounts for about 70% of U.S. economic activity, rose at a 2.9% annual rate last quarter. That was up from 2.3% in the government's initial estimate.

U.S. economic growth rebounded in the second quarter of 2025, largely due to the unwinding of a surge of imports triggered by ...

The first quarter’s GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023. But last quarter’s pullback was due mainly to two factors — a surge in imports and ...

US economic growth for last quarter is revised up to a solid 3 percent annual rate By PAUL WISEMAN Associated Press,Updated August 29, 2024, 3:51 p.m.

By contrast, consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters.

One measure of prices in the GDP report — the personal consumption expenditures index — rose at a 2.5% annual rate last quarter, down from a 4.1% pace in the January-March quarter and the ...