US President Donald Trump talks to members of the press as he departs from the South Lawn of the White House in Washington, DC on July 1, 2025. Trump is heading to Florida to visit “Alligator Alcatraz” immigrant detention center. US President Donald Trump joked about escaped migrants getting eaten by Florida wildlife as he headed Tuesday to the official opening of a detention center dubbed “Alligator Alcatraz.” (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
SAN ANTONIO (KTSA News) — New numbers show the U.S. economy is seeing more growth than anticipated.
The latest gross domestic product report, the sum of the value of goods and services produced, showed a three-percent increase from April through June.
That number came in above expectations of two-point-three-percent.
This helps reverse a point-five-percent decrease for the first quarter, which came after a drop in imports.
The period from this GDP report included President Trump’s announcement of tariffs against most countries in April.
Meanwhile, the White House is releasing the following details:
- The U.S. economy grew at a 3.0% pace in Q2, shattering economists’ expectations — with nearly three-fourths of the economists surveyed by Bloomberg getting it wrong.
- Consumer spending growth accelerated as inflation remains right on track.
- Real consumer spending growth rose from Q1 (+0.5%) to Q2 (+1.4%).
- The Personal Consumption Expenditures Price Index (PCE) — the Fed’s preferred measure of inflation — rose by just 2.1% in Q2, down from 3.7% last quarter — while core PCE rose by 2.5%, down from 3.5% last quarter.
- Americans’ total real disposable income rose at a strong 3.0% in Q2 after a similarly strong 2.5% increase in the first quarter.
- Growth is being driven by the private sector — not the government. Federal government spending fell for the second straight quarter, while real business fixed investment rose by 1.9% following its first quarter surge.
- In the final two quarters of the Biden Administration, real business fixed investment rose at an average pace of just 0.5% — compared to 6.1% in the first two quarters of the Trump Administration.
- President Trump’s Made in America agenda is working. President Trump is reducing our reliance on foreign products, boosting U.S. investment, and creating jobs as he secures the biggest trade deals in history.
- Auto output rose at a 35.5% annual rate — the biggest increase since 2020 — as President Trump revitalizes the American auto industry and encourages domestic production.
- Manufacturing output has surged 1.8% in the first five months of President Trump’s second term after a -0.7% decline in the final five months before President Trump’s inauguration.
- Economic momentum continues to build, defying expectations at every turn.
- For five straight months, core inflation has come in below market expectations and remains right in line with the Fed’s inflation target.
- In June, consumer spending and industrial production beat expectations, while jobless claims have fallen for six weeks in a row.
- Customs and tariff revenues have totaled $150+ billion in President Trump’s second term — leading to the first June budget surplus in nearly a decade.
- Housing starts and permits for new builds both rose in June above expectations.