Declining business inventories reduced U.S. second-quarter 2025 GDP growth by more than 3.4 percentage points, while residential investment fell 5.1%.
Notes on verification
Confirmed by BEA/FRED official data and multiple independent news/analysis outlets (CBS News, Wolf Street, Independent Institute) with matching precise figures.
Sources
- US economy expanded at a surprising 3.8% pace in significant ... (apnews.com)
- https://www.cbsnews.com/news/gdp-q2-second-quarter-revision-3-8-percent-growth/ (cbsnews.com)
- https://wolfstreet.com/2025/09/25/what-slowdown-q2-gdp-growth-revised-up-to-the-hot-zone-of-3-8-on-stronger-consumer-spending-private-fixed-investment/ (wolfstreet.com)
- https://fred.stlouisfed.org/series/A014RY2Q224SBEA (fred.stlouisfed.org)
- https://www.independent.org/article/2025/12/31/third-quarter-gdp-growth/ (independent.org)
- https://www.richmondfed.org/-/media/richmondfedorg/research/national_economy/national_economic_indicators/pdf/all_charts.pdf (richmondfed.org)