Daily Roundup of Key US Economic Data for Sept. 25

03:04 PM EDT, 09/25/2025 (MT Newswires) -- The third estimate for Q2 GDP showed a 3.8% gain, an upward revision from a 3.3% increase in the previous estimate, with an upward adjustment to personal consumption the main factor.

The GDP price index was revised up to a 2.1% gain from a 2.0% increase in the second estimate, with the PCE price index and core PCE price index also adjusted upward from their previous estimates.

Durable goods new orders rose by 2.9% in August, while shipments fell by 0.2%. Excluding transportation, new orders were still up 0.4%, and shipments fell by 0.1%.

The advance goods trade deficit narrowed to $85.54 billion in August from $102.84 billion in July, reflecting a large import decline and a smaller drop in exports. The full trade report is scheduled to be released on Oct. 7.

Advance wholesale inventories fell by 0.2% while advance retail inventories were flat. Wholesale inventories will be updated on Oct. 9, while retail inventories are eligible for revision on Oct. 16.

Home resales slowed to a 4.00 million seasonally adjusted annual rate in August from a 4.01 million rate in July.

Sales were up 1.8% from August 2024.

The four US regions were split, with month-over-month gains in two and declines in two. There were higher sales in two of the four regions compared with a year earlier and were lower in two regions.

"Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory," said NAR Chief Economist Lawrence Yun. "However, mortgage rates are declining and more inventory is coming to the market, which should boost sales in the coming months."

Homes were on the market for 31 days on average, up from 28 days in July and 26 days a year ago.

The supply of homes for sale declined in the month, but was still up sharply from a year earlier, while prices were marginally higher from a year earlier.

The Kansas City Federal Reserve's manufacturing index rose to 4 in September from 1 in August. The ISM's national manufacturing reading will be released on Oct. 1.

Initial jobless claims decreased by 14,000 to 218,000 in week ended Sept. 20, trimming the four-week moving average by 2,750 to 237,250, a second straight decrease.

Insured claims fell by 2,000 to 1.926 million in the employment survey week ended Sept. 13. Insured claims were at a level of 1.944 million in the employment survey week ended Aug. 16.

Natural gas stocks rose by 75 billion cubic feet to 3.508 trillion cubic feet in the week ended Sept. 19, up 0.6% from a year earlier and 6.1% higher than the seasonal average for the current week over the previous five years.

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