US GDP grew at a 3.0% SAAR in Q2 2025, rebounding from a -0.5% contraction in Q1, driven by stronger consumption and a sharp drop in imports.

• Personal consumption expenditures rose +1.4% in Q2 (vs +0.5% in Q1), with durable goods up +3.7% and services up +1.1%.
• Gross private domestic investment fell -15.6% (vs +23.8% in Q1), as equipment spending collapsed and inventories declined.
• Net exports added to growth as imports plunged -30.3%, driven by a -35.3% drop in goods, while exports fell -1.8%.
• Government spending rebounded +0.4% after a -0.6% decline in Q1, as state and local outlays rose +3.0%.
• Final sales to domestic purchasers grew +1.2%, slowing from +1.9% in Q1, while final sales to private domestic purchasers rose +1.2% (vs +1.9%).