US GDP 2nd estimate for Q2 3.3% vs 3.1% estimate

US GDP 2nd estimate for Q2 3.3% vs 3.1% estimate

• US GDP estimate for Q2 2025

• Prior estimate 3.0%
• GDP 2nd revision 3.3% vs 3.1% estimate
• Sales Preliminary Q2 6.8% vs 6.3% last
• Consumer spending Prel. 1.6% vs 1.4% last
• GDP deflator 2.0% vs 2.0% estimate. Last 2.0%
• Core PCE Prices prelim. 2.5% vs 2.6% est. Last 2.5%
• PCE prices preliminary 2.0% vs 2.1% preliminary
• PCE ex food and energy housing 2.2% versus 2.2% preliminary
• PCE Services ex energy and housing 2.1% vs 2.3%

The data is old news better and quarter data makes the start point for the current quarter a higher level.

US stocks are marginally higher:

• Dow industrial average up 80 points
• S&P up 3.35
• NASDAQ index up 3.15%