September 25, 2025 (White House Press Release, September 25, 2025)
“America’s economic resurgence under President Trump continues: revised data show even stronger real GDP growth of 3.8 percent in Q2 2025 thanks to the Trump agenda of tax cuts, deregulation, tariffs, and energy abundance. And this is just the beginning: new data from today also shows core capital goods orders beat expectations, paving the way for robust investment growth in Q3. President Trump pledged to Make America Wealthy Again, and with Joe Biden’s inflation crisis tamed, we are now laying the groundwork for a long-term restoration of American Greatness.” — White House Deputy Press Secretary Kush Desai
Second-quarter GDP was revised up to 3.8% — once again proving the so-called “experts” wrong as strong consumer spending, rising incomes, and a narrowing trade gap define President Donald J. Trump’s economic resurgence.
Here’s what else you need to know:
- Second quarter GDP was revised up from its last upward revision, reflecting a narrowing trade gap and strong consumer spending.
- Real disposable income growth was also revised up to 3.1%, showing that income growth remains strong and wages are rising.
- This 3.8% growth is the fastest pace of economic growth in nearly two years.
- Manufacturers’ demand for durable goods surged in August — smashing expectations — signaling confidence and future investment in manufacturing as domestic producers ramp up capacity.
- Factory production grew last month for goods and services producers, while output for government decreased — highlighting that growth is being driven by the private sector.
- Small business confidence is at its highest level in nearly a decade, according to the U.S. Chamber of Commerce.
- New home sales soared in August — hitting a three-year high.
- Summer 2025 was the strongest market for homebuyers in more than a decade.
Here’s what they’re saying:
- CNBC’s Rick Santelli: “We see a really solid revision — 3.8%. I’m a bit shocked, to be honest… The balance is moving in favor, the momentum is moving in favor, for better growth.”
- Fox Business Network’s Cheryl Casone: “A gain of 3.8%. This is much higher than the second read of the second quarter for GDP of 3.3%. It’s now 3.8%, and this is the final read for the second quarter. A strong economy. Consumer spending — strong… That GDP number, it’s very rare to see that. That was a good number.”
- Job Creators Network CEO Alfredo Ortiz: “Thursday’s positive economic indicators demonstrate America’s small business backbone is strong and getting stronger. Economic growth in the second quarter was revised up to nearly 4%, and durable goods orders smashed expectations. These numbers reflect a robust underlying economy that is being powered by Republican tax cuts, including pro-growth provisions such as permanent 100% immediate expensing and the 20% small business deduction.”
- Oxford Economics Chief U.S. Economist Ryan Sweet: “Consumers spent more than previously thought in Q2, leading to a noticeable upward revision to real GDP growth… Odds are that we will be revising higher our forecast for Q3 GDP because of the incoming data on spending this quarter.”
- BMO Senior Economist Priscilla Thiagamoorthy: “That was a meaningful bump-up from the previous estimate of 3.3% thanks to the mighty consumer. Today’s run of data suggest that the economy — which strongly rebounded after the pandemic recession — continues to hold up well…”
- Axios: New revisions show stronger economic growth in second quarter
- Bloomberg: US Economy Grows at Fastest Pace in Nearly Two Years on Consumer Spending
- CNN: The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported
- Fox Business: US economy grew faster than expected in the second quarter
- MarketWatch: ‘Thanks to the mighty consumer,’ GDP shows more spring in U.S. economic growth
- Reuters: US economy grows at fastest pace in nearly two years in second quarter
- The Wall Street Journal: U.S. GDP Grew Stronger Than Estimated in Second Quarter
