Official Publication Edition · GDP
Source-grounded publication
growth update
A deterministic draft grounded in the retained evidence bundle.
Source
Gross Domestic Product, 1st Quarter 2025 (Third Estimate), GDP by Industry, and Corporate Profits (Revised)
Sections
Publication sections
Key points
1 Percent changes in quarterly seasonally adjusted series are displayed at annual rates, unless otherwise specified. Real final sales to private domestic purchasers , the sum of consumer spending and gross private fixed investment, increased 1.9 percent in the earlier quarter, revised down 0.6 percentage point from the previous estimate. The Bureau of Economic Analysis reported in the latest update.
In the reported quarter of 2024, real GDP increased 2.4 percent. The release states in the latest update.
The price index for gross domestic purchases increased 3.4 percent in the earlier quarter, revised up 0.1 percentage point from the previous estimate. According to the official release in the latest update.
Real GDP decreased at an annual rate of 0.5 percent (0.1 percent at a quarterly rate 1 ) in the earlier quarter, a downward revision of 0.3 percentage point from the previous estimate, primarily reflecting downward revisions to consumer spending and exports that were partly offset by a downward revision to imports. The data show in the latest update.
Real gross domestic income (GDI) increased 0.2 percent in the earlier quarter, revised up 0.4 percentage point from the previous estimate. This update indicates in the latest update.
From an industry perspective, the decrease in real GDP reflected decreases of 2.8 percent in real value added for private goods-producing industries and 0.3 percent for private services-producing industries that were partly offset by an increase of 2.0 percent in real value added for government. The Bureau of Economic Analysis reported in the latest update.
The personal consumption expenditures (PCE) price index increased 3.7 percent, and the PCE price index excluding food and energy increased 3.5 percent, both 0.1 percentage point higher than previously estimated. The release states in the latest update.
Real gross output increased 0.6 percent in the earlier quarter, reflecting an increase of 1.1 percent for private services-producing industries that was partly offset by decreases of 0.6 percent for private goods-producing industries and 0.6 percent for government. According to the official release in the latest update.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| 1 Percent changes in quarterly seasonally adjusted series are displayed at annual rates, unless otherwise specified. | 1 | percent | — |
| Real final sales to private domestic purchasers , the sum of consumer spending and gross private fixed investment, increased 1.9 percent in the earlier quarter, revised down 0.6 percentage point from the previous estimate. | 1.9 | percent | — |
| In the reported quarter of 2024, real GDP increased 2.4 percent. | 2.4 | percent | — |
| The price index for gross domestic purchases increased 3.4 percent in the earlier quarter, revised up 0.1 percentage point from the previous estimate. | 3.4 | percent | — |
| Real GDP decreased at an annual rate of 0.5 percent (0.1 percent at a quarterly rate 1 ) in the earlier quarter, a downward revision of 0.3 percentage point from the previous estimate, primarily reflecting downward revisions to consumer spending and exports that were partly offset by a downward revision to imports. | 0.5 | percent | — |
| Real gross domestic income (GDI) increased 0.2 percent in the earlier quarter, revised up 0.4 percentage point from the previous estimate. | 0.2 | percent | — |
| From an industry perspective, the decrease in real GDP reflected decreases of 2.8 percent in real value added for private goods-producing industries and 0.3 percent for private services-producing industries that were partly offset by an increase of 2.0 percent in real value added for government. | 2.8 | percent | — |
| The personal consumption expenditures (PCE) price index increased 3.7 percent, and the PCE price index excluding food and energy increased 3.5 percent, both 0.1 percentage point higher than previously estimated. | 3.7 | percent | — |
Source and methodology
The retained source text supplies the statements used throughout this report, and the linked release remains the reference for definitions and contextual detail.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none