As a key measure of economic performance, for the second quarter months of April, May and June, real gross domestic product (GDP) increased strongly according to the Bureau of Economic Analysis (BEA). 

According to an announcement from the Bureau on July 30, US GDP "increased at an annual rate of 3.0 percent in the second quarter of 2025." The increase comes after GDP decreased by one half of one percent in the first quarter months of January, February and March.

The increase was due fluctuations in the mix of major economic drivers, according the the BEA.

"The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending," BEA reported.

Consumer spending, in particular, increased by 1.2 percent in the quarter.

"The increase in consumer spending reflected increases in both services and goods," BEA said. "Within services, the leading contributors were health care, food services and accommodations, and financial services and insurance. Within goods, the leading contributors were motor vehicles and parts and other nondurable goods." 

Economic Sector Details

• Health care: Outpatient services and hospital and nursing home services increased
• Food service and accommodations: The increase in this category was led by food services
• Financial services and insurance: Increases in this category were led by upticks in portfolio management and investment advice services
• Nondurable goods: This category was led by growth in the pharmaceutical industry
• Motor vehicles: Registration data indicated that growth in motor vehicles was based on increased sales of new light trucks.

Some segments saw decreases. According the BEA, these were "led by decreases in nondurable goods manufacturing (mainly, chemical manufacturing) and in wholesale trade (reflecting widespread decreases in durable goods industries)."