The U.S. economy expanded faster between April and June than previously estimated, as growth bounced back after slumping in the first quarter, new government data shows.

The Commerce Department said Thursday that the country's gross domestic product — the nation's output of goods and services — grew at a 3.3% annual pace in the second quarter after shrinking 0.5% in the first three months of 2025. The agency had initially estimated second-quarter growth at 3%.

"There was an upward revision to business investment in structures, equipment and intellectual property, as well as consumer spending," Ryan Sweet, chief U.S. economist at Oxford Economics, said in a report. "Investment related to AI is helping mask some of the weakness elsewhere in the economy, but the good news is that ther

See Full Page