The Usual Idiots Are on the Job As America Crushes the Iranian Tyrants
We Got Him: Iranian Supreme Leader Ayatollah Ali Khamenei Has Been Taken Out
Dems Are Proving to Be the Worst Partners in This Time of Crisis
Trump Freed Iran From a Dictator, and the Left Hates Him For It
Here's the Reason Why President Trump Authorized Operation Epic Fury
The Left's Astroturfed Pro-Iran Protests Are Underway, and They're Just As Bad As...
U.S. Military Reports No American Casualties in First 12 Hours of Operation Epic...
Read Zohran's Shameful and Dishonest Statement on the U.S. Iran Strikes
President Trump Releases a Statement on the Death of Iranian Supreme Leader Ali...
Over 40 Senior Iranian Officials Confirmed Dead in Operation Epic Fury
White House Says ‘Gang of Eight’ Was Properly Notified Before Operation Epic Fury
Pete Hegseth Reveals Details of 'Operation Epic Fury' Strike That Killed Ali Khamenei
The Memes From Operation Epic Fury Have Been Unreal
CENTCOM Gives a Bombshell Update on Iran Strikes in New Briefing
Guess What US Media Companies Are Parroting Likely Iranian Propaganda
Tipsheet

'The Trump Effect': White House Responds to New Economic Data

'The Trump Effect': White House Responds to New Economic Data
AP Photo/John Minchillo

The U.S. economy grew faster than expected in the second quarter, with a third estimate showing GDP increased at a 3.8 percent seasonally and inflation-adjusted annual rate, according to government data.

Advertisement

"The U.S. economy grew at a strong 3.8%—far better than the initial 3.3% estimate," the Commerce Department wrote on X. "Despite the media’s continued doubt and spin, the results are clear: President Trump’s pro-growth, America First policies are driving real success for American workers, businesses, and families."

The Bureau of Economic Analysis explained the increase in real GDP reflects a "decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports." 

Advertisement

Related:

ECONOMY

Additional data released Thursday show durable goods orders in the month of August beat expectations, increasing by 2.9 percent.

Economists had expected durable goods orders to decrease by 0.5 percent compared to the 2.8 percent slump that had been reported for the previous month.

The unexpected surge by durable goods orders largely reflected a substantial rebound by orders for transportation equipment, which spike by 7.9 percent in August after plunging by 9.4 percent in July.

Orders for defense aircraft and parts skyrocketed by 50.1 in August after rising by 0.6 percent in July, while orders for non-defense aircraft and parts soared by 21.6 percent in August after plummeting by 31.5 percent in July. (Nasdaq)

"Thursday's positive economic indicators demonstrate America's small business backbone is strong and getting stronger," said Job Creators Network CEO Alfredo Ortiz. "Economic growth in the second quarter was revised up to nearly 4%, and durable goods orders smashed expectations. These numbers reflect a robust underlying economy that is being powered by Republican tax cuts, including pro-growth provisions such as permanent 100% immediate expensing and the 20% small business deduction." 

Advertisement

Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.

Help us continue to report on the president’s economic successes and combat the lies of the Democrats. Join Townhall VIP and use promo code FIGHT to get 60% off your membership.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement