{"id":186073,"date":"2025-08-30T01:43:08","date_gmt":"2025-08-30T01:43:08","guid":{"rendered":"https:\/\/www.europesays.com\/us\/186073\/"},"modified":"2025-08-30T01:43:08","modified_gmt":"2025-08-30T01:43:08","slug":"u-s-gdp-primed-for-comeback-on-consumer-spending-recovery","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/186073\/","title":{"rendered":"U.S. GDP Primed for Comeback on Consumer Spending Recovery"},"content":{"rendered":"<p>Consumer spending accounts for about 70% of gross domestic product (GDP) and notched a 0.5% month-over-month rise in July, marking the highest increase in four months. In addition, the reading accelerated from 0.4% in June, which was revised higher from 0.3%. <\/p>\n<p>Elevate Your Investing Strategy:<\/p>\n<ul style=\"padding-top: 5px;\">\n<li> Take advantage of <a data-link=\"article_promo\" href=\"https:\/\/lp.tipranks.com\/july-2025-50off\/?llf=rss&amp;timer=on&amp;coupon=INTRO50P\" rel=\"nofollow noopener\" target=\"_blank\"> TipRanks Premium at 50% off! <\/a> Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.\n<\/li>\n<\/ul>\n<p>In dollar terms, consumer spending increased by $108.9 billion, split between $48.7 billion in goods and $60.2 billion in services. Motor vehicles and parts led the way, rising by $34.9 billion, while financial services and insurance trailed behind with a $24.1 billion uptick.<\/p>\n<p><strong>Consumer Spending Drives GDP Recovery Despite Tariff Concerns<\/strong><\/p>\n<p>On Thursday, the Commerce Department issued its <a href=\"https:\/\/www.tipranks.com\/news\/sp-500-shrugs-off-surprise-q2-gdp-strength\" rel=\"nofollow noopener\" target=\"_blank\">second estimate of second quarter GDP at 3.3%<\/a>, 0.3% higher than its first estimate. GDP fell by 0.5% during the first quarter as <a data-autolink=\"true\" href=\"https:\/\/www.tipranks.com\/economic-indicators\" rel=\"nofollow noopener\" target=\"_blank\">imports<\/a> surged. <a href=\"https:\/\/www.tipranks.com\/calendars\/economic\/real-consumer-spending-qoq-2nd-est-7244\" rel=\"nofollow noopener\" target=\"_blank\">Consumer spending<\/a> grew by 1.6% quarter-over-quarter, more than tripling the growth of 0.5% during the first quarter.<\/p>\n<p>Wage growth has helped uplift consumer spending, although companies remain hesitant to hire new employees in light of higher costs from tariffs.<\/p>\n<p><strong>Stay ahead of macro events with our up-to-the-minute <\/strong><a href=\"https:\/\/www.tipranks.com\/calendars\/economic\" rel=\"nofollow noopener\" target=\"_blank\"><strong>Economic Calendar<\/strong><\/a><strong> \u2014 filter by impact, country, and more.<\/strong><\/p>\n<p><a href=\"https:\/\/www.tipranks.com\/glossary\/d\/disclaimer-disclosure\" style=\"margin-right: 32px;\" rel=\"nofollow noopener\" target=\"_blank\">Disclaimer &amp; Disclosure<\/a><a href=\"https:\/\/www.tipranks.com\/glossary\/c\/contact-editor\" rel=\"nofollow noopener\" target=\"_blank\">Report an Issue<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Consumer spending accounts for about 70% of gross domestic product (GDP) and notched a 0.5% month-over-month rise in&hellip;\n","protected":false},"author":3,"featured_media":186074,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,67,132,68],"class_list":{"0":"post-186073","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115115183506129949","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/186073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=186073"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/186073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/186074"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=186073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=186073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=186073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}