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US real GDP up 3.3% YoY in Q2 2025: BEA 2nd estimate

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US real GDP up 3.3% YoY in Q2 2025: BEA 2nd estimate



US real gross domestic product (GDP) increased at an annual rate of 3.3 per cent in the second quarter (Q2) this year, according to the second estimate released by the Bureau of Economic Analysis (BEA).

In Q1, it decreased by 0.5 per cent year on year (YoY).

The Q2 2025 rise primarily reflected 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.

US real GDP rose at an annual rate of 3.3 per cent in Q2 2025, according to the second estimate by the Bureau of Economic Analysis.
In Q1, it fell by 0.5 per cent YoY.
The price index for gross domestic purchases increased by 1.8 per cent YoY in Q2 2025, revised down by 0.1 pp from the previous estimate.
Real gross domestic income rose by 4.8 per cent YoY in Q2 compared with a rise of 0.2 per cent in Q1.

Real GDP was revised up 0.3 percentage point (pp) from the advance estimate, primarily reflecting upward revisions to investment and consumer spending that were partly offset by a downward revision to government spending and an upward revision to imports.

Compared to Q1, the upturn in real GDP in Q2 primarily reflected a downturn in imports and an acceleration in consumer spending that were partly offset by a downturn in investment.

Real final sales to private domestic purchasers, the sum of consumer spending and gross private fixed investment increased by 1.9 per cent in Q2 2025, revised up by 0.7 pp from the previous estimate, a BEA release said.

The price index for gross domestic purchases increased by 1.8 per cent YoY in Q2 2025, revised down by 0.1 pp from the previous estimate.

The personal consumption expenditures (PCE) price index increased by 2 per cent YoY, revised down by 0.1 pp from the previous estimate. Excluding food and energy prices, the PCE price index increased by 2.5 per cent, the same as previously estimated.

Real gross domestic income (GDI) increased by 4.8 per cent YoY in Q2 2025 compared with an increase of 0.2 per cent in Q1. The average of real GDP and real GDI increased by 4 per cent in contrast to a decrease of 0.1 per cent in Q1.

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased by $65.5 billion in Q2 in contrast to a decrease of $90.6 billion in Q1 2025.

Fibre2Fashion News Desk (DS)



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Bernard Arnault pays homage to late Frank Gehry

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Bernard Arnault pays homage to late Frank Gehry


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December 7, 2025

Bernard Arnault has paid homage to the late Frank Gehry, the brilliant Canadian-born architect who passed away on Friday in Los Angeles.

Frank Gehry

 
For Arnault, Gehry designed the Fondation Louis Vuitton, widely seen as the most important work of contemporary architecture ever commissioned by a luxury brand.
 
Gehry died aged 96 Friday after a short respiratory illness, bringing to an end a truly remarkable career that included buildings such the highly acclaimed Walt Disney Concert Hall in Los Angeles and titanium-clad Guggenheim Museum Bilbao, his greatest masterpiece.

“I am profoundly saddened by the passing of Frank Gehry, in whom I lose a very dear friend and for whom I shall forever retain boundless admiration. I owe to him one of the longest, most intense, and most ambitious creative partnerships I have ever had the privilege to experience. His oeuvre, crowned by the Pritzker Prize, is immense. He will remain a genius of lightness, transparency, and grace,” Arnault said in a release.
 
In October 2014, in the presence of French president François Hollande, Gehry and Arnault opened the Fondation Louis Vuitton, a brilliant Deconstructivist building with a price tag that ran to some €800 million. Riffing on late 19th-century French architecture which revolutionized the use of glass like the Grand Palais and combining that with computer technology and 3D design, Gehry created a beautiful structure. Built on the edge of the Bois de Boulogne, its unique shape suggested a giant sailboat gathering wind in its sails.
 

Fondation Louis Vuitton
Fondation Louis Vuitton – Courtesy

“Frank Gehry – who possessed an unparalleled gift for shaping forms, pleating glass like canvas, making it dance like a silhouette – will long endure as a living source of inspiration for Louis Vuitton as well as for all the maisons of the LVMH group. With the Fondation Louis Vuitton pour la Création, he bestowed upon Paris and upon France his greatest masterpiece, the highest expression of his creative power, commensurate with the friendship he bore our city and the affection he showed for our culture,” Arnault added.
 
Gehry was to go on a design several stores and handbags for Louis Vuitton and has two more buildings in the pipeline for the luxury marque. A super-store concept building on Rodeo Drive in LA, due to open in two years, and an adjacent structure beside Louis Vuitton Foundation. 
 
“My wife, my children, and I express our deepest condolences to his wife, Berta, and to his children,” concluded Arnault.
 

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Bearish tone persists in south India yarn, but new year brings hope

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Bearish tone persists in south India yarn, but new year brings hope




South India’s cotton yarn market stayed subdued, with prices steady in Mumbai and Tiruppur as summer demand arrived late.
Traders expect buying to improve in January, though cheaper polyester may divert some demand.
Spinning mills face pressure to offer deeper discounts.
Gujarat cotton prices climbed due to strong CCI procurement, tightening supply.



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How will FoC cap removal impact the Bangladesh RMG industry?

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How will FoC cap removal impact the Bangladesh RMG industry?












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