Bloomberg: US Economy Grows at Fastest Pace in Nearly Two Years on Consumer Spending

Economy Science and Technolgy
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I was warned “never bet the American consumer wll spend less money.”
I keep predicting a downturn and we just seem to keep spending.

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The US economy grew in the second quarter at the fastest pace in nearly two years as the government revised up its previous estimate of consumer spending.

Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a revised 3.8% annualized pace, a Bureau of Economic Analysis report showed Thursday. That was stronger than the previously reported 3.3% advance and followed an outright contraction in the first quarter.

The BEA also issued its annual update of the national economic accounts, which showed real GDP still increased at an average annual pace of 2.4% from 2019 to 2024. . . .

https://www.bloomberg.com/news/articles/2025-09-25/us-economy-grows-at-fastest-pace-in-nearly-two-years-on-consumer?srnd=homepage-americas

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Oops. I meant to post this (and the other one) in “economy.”
My bad.

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In case it matters,
US consumer spending is up,
but only because we are consuming financial services, insurance and information.

The retail sector sunk like a rock with a weight tied to it.

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That’s a strong indicator of resilience in the US economy, especially with consumer spending driving growth. It shows that despite global uncertainties, people are still confident enough to spend. Sustained consumer demand often boosts business investment and job creation. The real test will be whether this momentum continues in the coming quarters.

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I don’t know if consumers spending is a sign of “resilience.”
I mean a drunken sailor keeps spending, but “resilient” isn’t the first word that comes do mind. (AI)