\u201cAmerica\u2019s 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\u2019s inflation crisis tamed, we are now laying the groundwork for a long-term restoration of American Greatness.\u201d
\u2014 White House Deputy Press Secretary Kush Desai<\/p>\n
Second-quarter GDP was\u00a0revised up to 3.8%<\/a>\u00a0\u2014 once again proving the so-called \u201cexperts\u201d wrong as strong consumer spending, rising incomes, and a narrowing trade gap define President Donald J. Trump\u2019s economic resurgence.<\/p>\n Here\u2019s what else you need to know:<\/p>\n Second quarter GDP was revised up from its last upward revision<\/a>, 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.<\/p>\n This 3.8% growth is the\u00a0fastest pace<\/a>\u00a0of economic growth in nearly two years.<\/p>\n Manufacturers\u2019 demand for durable goods surged<\/a> in August \u2014 smashing expectations \u2014 signaling confidence and future investment in manufacturing as domestic producers ramp up capacity.<\/p>\n Factory production grew<\/a> last month for goods and services producers, while output for government decreased \u2014 highlighting that growth is being driven by the private sector.<\/p>\n Small business confidence is at its highest level<\/a> in nearly a decade, according to the U.S. Chamber of Commerce.<\/p>\n New home sales soared<\/a> in August \u2014 hitting a three-year high<\/a>.<\/p>\n Summer 2025 was the strongest<\/a> market for homebuyers in more than a decade.<\/p>\n Here\u2019s what they\u2019re saying:<\/p>\n CNBC\u2019s Rick Santelli<\/a>: \u201cWe see a really solid revision \u2014 3.8%. I\u2019m a bit shocked, to be honest\u2026 The balance is moving in favor, the momentum is moving in favor, for better growth.\u201d<\/p>\n Fox Business Network\u2019s Cheryl Casone<\/a>: \u201cA gain of 3.8%. This is much higher than the second read of the second quarter for GDP of 3.3%. It\u2019s now 3.8%, and this is the final read for the second quarter. A strong economy. Consumer spending \u2014 strong\u2026 That GDP number, it\u2019s very rare to see that. That was a good number.\u201d<\/p>\n Job Creators Network CEO Alfredo Ortiz<\/a>: \u201cThursday\u2019s positive economic indicators demonstrate America\u2019s 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.\u201d<\/p>\n Oxford Economics Chief U.S. Economist Ryan Sweet<\/a>: \u201cConsumers spent more than previously thought in Q2, leading to a noticeable upward revision to real GDP growth\u2026 Odds are that we will be revising higher our forecast for Q3 GDP because of the incoming data on spending this quarter.\u201d<\/p>\n BMO Senior Economist Priscilla Thiagamoorthy<\/a>: \u201cThat was a meaningful bump-up from the previous estimate of 3.3% thanks to the mighty consumer. Today\u2019s run of data suggest that the economy \u2014 which strongly rebounded after the pandemic recession \u2014 continues to hold up well\u2026\u201d<\/p>\n Axios<\/a>: New revisions show stronger economic growth in second quarter<\/p>\n Bloomberg<\/a>: US Economy Grows at Fastest Pace in Nearly Two Years on Consumer Spending<\/p>\n CNN<\/a>: The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported<\/p>\n Fox Business<\/a>: US economy grew faster than expected in the second quarter<\/p>\n MarketWatch<\/a>: \u2018Thanks to the mighty consumer,\u2019 GDP shows more spring in U.S. economic growth<\/p>\n Reuters<\/a>: US economy grows at fastest pace in nearly two years in second quarter<\/p>\n