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US GDP Growth Well Below Forecasts
The US economy expanded an annualized 1.4% in Q4 2025, the least since Q1 2025, following a 4.4% growth in Q3 and well below forecasts of 3%, the advance estimate showed. Consumer spending slowed (2.4% vs 3.5%), weighed down by a 0.1% decline in goods purchases, while services spending rose 3.4%. Meanwhile, exports fell 0.9% after surging 9.6% in Q3, and imports also declined, though at a slower pace (-1.3% vs -4.4%). Government spending and investment contracted sharply by 5.1% (vs 2.2%), subtracting 0.9 pp from overall growth, due to the government shutdown. On the other hand, fixed investment accelerated (2.6% vs 0.8%), driven by strong gains in intellectual property products (7.4% vs 5.6%) and equipment (3.2% vs 5.2%), as well as a more moderate decline in structures (-2.4% vs -5.0%). The drop in residential investment also eased (-1.5% vs -7.1%). Considering full 2025, the US economy expanded 2.2%, below 2.8% in 2024, reflecting increases in consumer spending and investment.
Published on 2026-02-20

US GDP Growth Well Below Forecasts
The US economy expanded an annualized 1.4% in Q4 2025, the least since Q1 2025, following a 4.4% growth in Q3 and well below forecasts of 3%, the advance estimate showed. The contributors to the increase in real GDP were increases in consumer spending and investment. These movements were partly offset by decreases in government spending and exports. Imports also decreased.
Published on 2026-02-20

US GDP Growth Well Below Forecasts
The US economy expanded an annualized 1.4% in Q4 2025, the least since Q1 2025, following a 4.4% growth in Q3 and well below forecasts of 3%, the advance estimate showed. The contributors to the increase in real GDP were increases in consumer spending and investment. These movements were partly offset by decreases in government spending and exports. Imports also decreased. Considering full 2025, the economy expanded 2.2%, below 2.8% in 2024, and primarily reflecting increases in consumer spending and investment.
Published on 2026-02-20

US GDP Growth Well Below Forecasts
The US economy expanded an annualized 1.4% in Q4 2025, the least since Q1 2025, following a 4.4% growth in Q3 and well below forecasts of 3%, the advance estimate showed. Consumer spending slowed to 2.4% from 3.5%, weighed down by a 0.1% decline in goods purchases, while services spending rose 3.4%. Meanwhile, exports fell 0.9% after surging 9.6% in Q3, and imports also declined, though at a slower pace (-1.3% vs -4.4%). Government spending and investment contracted sharply by 5.1%, reversing a 2.2% increase in Q3. On the other hand, fixed investment accelerated to 2.6% from 0.8%, driven by strong gains in intellectual property products (7.4% vs 5.6%) and equipment (3.2% vs 5.2%), as well as a more moderate decline in structures (-2.4% vs -5.0%). The drop in residential investment also eased, narrowing to -1.5% from -7.1%. Considering full 2025, the US economy expanded 2.2%, below 2.8% in 2024, and primarily reflecting increases in consumer spending and investment.
Published on 2026-02-20

US Economy Expected to Grow 3% in Q4
The US economy is expected to have grown at an annualized rate of 3.0% in Q4 2025, slowing from 4.4% in the previous quarter. According to the Atlanta Fed's GDPNow, consumer spending is anticipated to remain solid, supported by health care expenditures and gains in asset markets, though likely moderating to 2.5% from 3.5% in Q3. Investment in non-residential structures and residential construction is expected to stay subdued, while equipment investment may continue to expand, boosted by the ongoing AI boom. Inventories are projected to be largely unchanged in Q4, which would provide a positive contribution to GDP following sharp inventory declines in both Q2 and Q3. Government spending is expected to slow, with state and local expenditures showing moderate growth, while federal outlays are likely to decline following the longest government shutdown on record. On the external front, both exports and imports are forecast to rise modestly, contributing slightly to overall GDP growth.
Published on 2026-02-20

US Economy Expected to Grow 3% in Q4
The US economy is expected to have grown at an annualized rate of 3.0% in Q4 2025, slowing from 4.4% in the previous quarter. According to the Atlanta Fed's GDPNow, consumer spending is anticipated to remain solid, supported by health care expenditures and gains in asset markets, though likely moderating to 2.5% from 3.5% in Q3. Investment in non-residential structures and residential construction is expected to stay subdued, while equipment investment may continue to expand, boosted by the ongoing AI boom. Inventories are projected to be largely unchanged in Q4, which would provide a positive contribution to GDP following sharp inventory declines in both Q2 and Q3. Government spending is expected to slow, with state and local expenditures showing moderate growth, while federal outlays are likely to decline following the longest government shutdown on record. On the external front, both exports and imports are forecast to rise modestly, contributing slightly to overall GDP growth.
Published on 2026-02-20

US Economy Expected to Grow 3% in Q4
The US economy is expected to have grown at an annualized rate of 3.0% in Q4 2025, slowing from 4.4% in the previous quarter. According to the Atlanta Fed's GDPNow, consumer spending is anticipated to remain solid, supported by health care expenditures and gains in asset markets, though likely moderating to 2.5% from 3.5% in Q3. Investment in non-residential structures and residential construction is expected to stay subdued, while equipment investment may continue to expand, boosted by the ongoing AI boom. Inventories are projected to be largely unchanged in Q4, which would provide a positive contribution to GDP following sharp inventory declines in both Q2 and Q3. Government spending is expected to slow, with state and local expenditures showing moderate growth, while federal outlays are likely to decline following the longest government shutdown on record. On the external front, both exports and imports are forecast to rise modestly, contributing slightly to overall GDP growth.
Published on 2026-02-20

US GDP Growth Revised Up to 4.4%
The US economy expanded at an annualized rate of 4.4% in Q3 2025, slightly above the initial estimate of 4.3% and marking the strongest GDP growth since Q3 2023. The upward revision primarily reflected stronger exports and a smaller drag from inventories. Robust growth was driven by firm consumer spending, a rebound in exports, and higher government outlays. Consumer spending rose 3.5%, unchanged from the initial estimate and the fastest pace this year, accelerating from 2.5% in Q2. Exports surged 9.6%, revised up from 8.8% and rebounding from a 1.8% decline in the prior quarter while imports fell 4.4%, extending the decline seen in Q2. Government spending recovered (2.2% vs -0.1%), while the drag from private inventories eased significantly, subtracting just 0.12 percentage points from growth compared with 3.44 percentage points in Q2. Meanwhile, fixed investment increased 0.8%, below the initial estimate of 1% and slowing sharply from 4.4% in Q2.
Published on 2026-01-22

US GDP Growth Revised Up to 4.4%
The US economy expanded an annualized 4.4% in Q3 2025, slightly higher than 4.4% in the initial estimate. It primarily reflected upward revisions to exports and investment that were partly offset by a downward revision to consumer spending. Imports were revised up.
Published on 2026-01-22

US GDP Growth Revised Up to 4.4%
The US economy expanded an annualized 4.4% in Q3 2025, slightly higher than 4.3% in the initial estimate. It primarily reflected upward revisions to exports and investment that were partly offset by a downward revision to consumer spending. Imports were revised up.
Published on 2026-01-22

US GDP Growth Revised Up to 4.4%
The US economy expanded at an annualized rate of 4.4% in Q3 2025, slightly above the initial estimate of 4.3% and marking the strongest GDP growth since Q3 2023. The upward revision primarily reflected stronger exports and investment. Robust growth was driven by firm consumer spending, a rebound in exports, and higher government outlays. Consumer spending rose 3.5%, unchanged from the initial estimate and the fastest pace this year, accelerating from 2.5% in Q2. Fixed investment increased 0.8%, below the initial estimate of 1% and slowing sharply from 4.4% in Q2. Exports surged 9.6%, revised up from 8.8% and rebounding from a 1.8% decline in the prior quarter while imports fell 4.4%, extending the decline seen in Q2. Government spending recovered (2.2% vs -0.1%), while the drag from private inventories eased significantly, subtracting just 0.12 percentage points from growth compared with 3.44 percentage points in Q2.
Published on 2026-01-22

US GDP Growth Revised Up to 4.4%
The US economy expanded at an annualized rate of 4.4% in Q3 2025, slightly above the initial estimate of 4.3% and marking the strongest GDP growth since Q3 2023. The upward revision primarily reflected stronger exports. Robust growth was driven by firm consumer spending, a rebound in exports, and higher government outlays. Consumer spending rose 3.5%, unchanged from the initial estimate and the fastest pace this year, accelerating from 2.5% in Q2. Fixed investment increased 0.8%, below the initial estimate of 1% and slowing sharply from 4.4% in Q2. Exports surged 9.6%, revised up from 8.8% and rebounding from a 1.8% decline in the prior quarter while imports fell 4.4%, extending the decline seen in Q2. Government spending recovered (2.2% vs -0.1%), while the drag from private inventories eased significantly, subtracting just 0.12 percentage points from growth compared with 3.44 percentage points in Q2.
Published on 2026-01-22

US GDP Growth Highest in 2 Years
The GDP in the US advanced an annualized 4.3% in Q3 2025, the most in two years compared to 3.8% in Q2, and forecasts of 3.3%, the delayed estimate showed. The growth mainly reflected increases in consumer spending, exports, and government spending. Consumer spending rose 3.5%, the most so far this year (vs 2.5% in Q2), led by both goods (3.1% vs 2.2%) and services (3.7% vs 2.6%), mostly health care, international travel, information processing equipment and prescription drugs. Fixed investment continued to rise although at a slower pace (1% vs 4.4%), supported by equipment (5.4% vs 8.5%) and intellectual property products (5.4% vs 15%) while investment in structures (-6.3% vs -7.5%) and residential (-5.1% vs -5.1%) continued to decline. Also, exports rebounded sharply (8.8% vs -1.8%) due to capital and nondurable goods and imports declined further (-4.7% vs -29.3%). Government spending recovered (2.2% vs -0.1%) and the drag from private inventories was smaller (-0.22 pp vs -3.44 pp).
Published on 2025-12-23

US GDP Growth Highest in 2 Years
The GDP in the US advanced an annualized 4.3% in Q3 2025, the most in two years compared to 3.8% in Q2, and forecasts of 3.3%, the delayed estimate showed. The growth mainly reflected increases in consumer spending, exports, and government spending that were partly offset by a decrease in investment. Imports decreased.
Published on 2025-12-23

US GDP Growth Highest in 2 Years
The GDP in the US advanced an annualized 4.3% in Q3 2025, the most in two years compared to 3.8% in Q2, and forecasts of 3.3%, the delayed estimate showed. The growth mainly reflected increases in consumer spending, exports, and government spending that were partly offset by a decrease in investment. Imports decreased. The acceleration in real GDP in the third quarter reflected a smaller decrease in investment, an acceleration in consumer spending, and upturns in exports and government spending. Imports decreased less in the third quarter.
Published on 2025-12-23

US GDP Growth Highest in 2 Years
The GDP in the US advanced an annualized 4.3% in Q3 2025, the most in two years compared to 3.8% in Q2, and forecasts of 3.3%, the delayed estimate showed. The growth mainly reflected increases in consumer spending, exports, and government spending. PCE rose 3.5%, the most so far this year (vs 2.5% in Q2), led by both goods (3.1% vs 2.2%) and services (3.7% vs 2.6%). Fixed investment continued to rise although at a slower pace (1% vs 4.4%), supported by equipment (5.4% vs 8.5%) and intellectual property products (5.4% vs 15%) while investment in structures (-6.3% vs -7.5%) and residential (-5.1% vs -5.1%) continued to decline. Also, exports rebounded sharply (8.8% vs -1.8%) and imports declined further (-4.7% vs -29.3%). Government spending recovered (2.2% vs -0.1%) and the drag from private inventories was smaller (-0.22 pp vs -3.44 pp). The BEA was originally due to publish an advance estimate of GDP on October 30th but the report was canceled due to the government shutdown.
Published on 2025-12-23

US GDP Growth Highest in 2 Years
The GDP in the US advanced an annualized 4.3% in Q3 2025, the most in two years compared to 3.8% in Q2, and forecasts of 3.3%, the delayed estimate showed. The growth mainly reflected increases in consumer spending, exports, and government spending. PCE rose 3.5%, the most so far this year (vs 2.5% in Q2), led by both goods (3.1% vs 2.2%) and services (3.7% vs 2.6%), mostly spending on health care, international travel, information processing equipment and prescription drugs. Fixed investment continued to rise although at a slower pace (1% vs 4.4%), supported by equipment (5.4% vs 8.5%) and intellectual property products (5.4% vs 15%) while investment in structures (-6.3% vs -7.5%) and residential (-5.1% vs -5.1%) continued to decline. Also, exports rebounded sharply (8.8% vs -1.8%) due to capital and nondurable goods and imports declined further (-4.7% vs -29.3%). Government spending recovered (2.2% vs -0.1%) and the drag from private inventories was smaller (-0.22 pp vs -3.44 pp).
Published on 2025-12-23

US GDP Growth Rate Revised Sharply Higher
The US economy expanded an annualized 3.8% in Q2 2025, much higher than 3.3% in the second estimate, and marking the strongest performance since Q3 2023. The stronger-than-anticipated figure primarily reflected an upward revision to consumer spending. PCE rose 2.5% (vs 1.6% in the second estimate), led by a bigger revision for services (2.6% vs 1.2%) while spending on goods remained robust (2.2% vs 2.4%). Fixed investment was also revised higher (4.4% vs 3.3% in the second estimate), including equipment (8.5% vs 7.4%), intellectual property products (15% vs 12.8%) and structures (-7.5% vs -8.9%). Residential investment however, fell more (-5.1% vs -4.7%). Also, government consumption shrank slightly less (-0.1% vs -0.2%). On the other hand, the contribution from net trade was revised lower, as exports declined at a faster pace (-1.8% vs -1.3%) and imports fell 29.3% (vs -29.8%). In addition, the drag from private inventories worsened (-3.44 pp vs -3.29 pp).
Published on 2025-09-25

US GDP Growth Rate Revised Sharply Higher
The US economy expanded an annualized 3.8% in Q2 2025, much higher than 3.3% in the second estimate, and marking the strongest performance since Q3 2023. The stronger-than-anticipated figure primarily reflected an upward revision to consumer spending.
Published on 2025-09-25

US GDP Growth Rate Revised Sharply Higher
The US economy expanded an annualized 3.8% in Q2 2025, much higher than 3.3% in the second estimate, and marking the strongest performance since Q3 2023. The stronger-than-anticipated figure primarily reflected an upward revision to consumer spending and investment. PCE rose 2.5% (vs 1.6% in the second estimate), led by a bigger revision for services (2.6% vs 1.2%) while spending on goods remained robust (2.2% vs 2.4%). Fixed investment was also revised higher (4.4% vs 3.3% in the second estimate), including equipment (8.5% vs 7.4%), intellectual property products (15% vs 12.8%) and structures (-7.5% vs -8.9%). Residential investment however, fell more (-5.1% vs -4.7%). Also, government consumption shrank slightly less (-0.1% vs -0.2%). On the other hand, the contribution from net trade was revised lower, as exports declined at a faster pace (-1.8% vs -1.3%) and imports fell 29.3% (vs -29.8%). In addition, the drag from private inventories worsened (-3.44 pp vs -3.29 pp).
Published on 2025-09-25