FX.co ★ US GDP Growth Revised Up to 4.4%

In the third quarter of 2025, the U.S. economy recorded an annualized growth rate of 4.4%, slightly higher than the preliminary estimate of 4.3%. This growth is the most robust since the third quarter of 2023. The upward revision is mainly attributed to stronger exports and a reduced negative impact from inventories. The drivers of this robust growth were strong consumer spending, a bounce back in exports, and increased government expenditure. Consumer spending maintained its rise at 3.5%, an unchanged figure from the initial estimate, representing the fastest growth rate this year and an acceleration from 2.5% in the second quarter. Exports surged by 9.6%, an upward revision from an earlier 8.8%, recovering from a prior quarter decline of 1.8%, while imports decreased by 4.4%, continuing the downward trend from the second quarter. Government spending rebounded, increasing by 2.2% compared to a slight decrease of 0.1% previously, and the impact from private inventories lessened significantly, detracting only 0.12 percentage points from growth versus 3.44 percentage points in the second quarter. In contrast, fixed investment grew by 0.8%, falling short of the initial 1% estimate, and reflecting a sharp slowdown from the 4.4% growth seen in the previous quarter.