According to revised data from the U.S. Bureau of Economic Analysis, the U.S. economy grew by 4.4% in the third quarter of 2025, slightly higher than the 4.3% originally expected. It was the strongest quarterly growth in two years, boosted by increased exports and strong business investment.
Although household consumption was revised downward slightly, declines in personal consumption, government spending, and imports also contributed.
The core PCE index, which excludes food and energy, the Fed’s recommended inflation measure, remained at 2.9% in the quarter. Composite PCE increased by 2.8%, and domestic gross purchase price index remained at 3.4%.
Current production profit for the third quarter increased by $175.6 billion, $9.5 billion more than previously expected.
By industry, services expanded by 5.3%, goods production increased by 3.6%, and government production decreased by 0.3%.
Markets reacted positively to the strong GDP figures and stable inflation figures. The Nasdaq soared more than 1% on the move, the S&P 500 rose 0.5% and metals rebounded. At the time of writing, gold was trading around $4,850 and silver was hovering around $94.
