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Daily Roundup of Key US Economic Data for Aug. 28

BY MT Newswires | ECONOMIC | 08/28/25 02:55 PM EDT

02:55 PM EDT, 08/28/2025 (MT Newswires) -- The second estimate of Q2 GDP showed a 3.3% gain, an upward revision from a 3% increase in the previous estimate, with personal consumption growth revised up to a 1.6% gain from 1.4% in the previous estimate.

There was also an upward revision to nonresidential fixed investment growth but downward adjustments to private inventories and government spending and a slightly larger drag from net exports. Residential fixed investment was little changed.

The GDP price index was unrevised from the 2% gain in the advance estimate, while the overall PCE price measure was revised lower to a 2% gain from 2.1% in the previous estimate and the core PCE price measure was unrevised from a 2.5% gain in the advance estimate.

The National Association of Realtors' pending home sales index fell by 0.4% in July after a 0.8% drop in the previous month but were up 0.7% from July 2024. NAR said that despite improvements in affordability and rising inventories, buyers remain cautious when committing to home buying.

The NAR's existing-home sales data for August is scheduled for release on Sept. 23.

The Kansas City Federal Reserve's manufacturing index remained at a reading of 1 in August, indicating modest expansion. The ISM's national manufacturing reading will be released on Sept. 2.

Initial jobless claims decreased by 5,000 to 229,000 in the week ended Aug. 23, but the four-week moving average rose by 2,500 to 228,500, a third straight increase.

Insured claims fell by 7,000 to 1.954 million in the employment survey week ended Aug. 16. Insured claims were at a level of 1.946 million in the employment survey week ended July 12.

Natural gas stocks rose by 18 billion cubic feet to 3.217 trillion cubic feet in the week ended Aug. 22, down 3.4% from a year earlier but 5% higher than the seasonal average for the current week over the previous five years.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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