Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), 1st Quarter 2025

The U.S. economy grew at an annual rate of 1.3% in the first quarter of 2025, according to the second estimate from the Bureau of Economic Analysis. This marks a slowdown from the 3.4% growth seen in Q4 2024, reflecting weaker consumer spending, slower inventory investment, and a decline in exports. Notably, personal consumption expenditures were revised downward, especially in goods, while government spending and residential investment posted modest gains. Inflation pressures remained, with the PCE price index rising 3.3% overall and 3.6% excluding food and energy.