BEA: US GDP Rises 3.8% in Q2, Dollar Firms

VIENNA (DTN) — U.S. gross domestic product expanded at an annualized rate of 3.8% during the second quarter of 2025, rebounding from the 0.6% contraction seen in the January-March period, the Bureau of Economic Analysis reported Thursday (9/25).

The expansion in real GDP primarily reflected a decrease in imports and increase in consumer spending that came on the back of gains in both goods and services, the BEA said.

The decline in imports contributed positively to growth, with real final sales to private domestic purchasers increasing 2.9% in the second quarter — a 1.0 upward revision from a previous estimate.

Decreases in investment and exports partly offset those gains, and lower private investment held back further expansion, the BEA said.

Following the GDP release, U.S. dollar index firmed against a basket of foreign currencies, rising by 0.44 points to 98.32. New York Mercantile Exchange West Texas Intermediate November futures slid $0.70 to trade at $64.29 bbl.