TFOA Monthly Economic Update — July 2025

July 2025 Economic Highlights

Key figures from this month’s report, sourced from the U.S. Bureau of Economic Analysis and the U.S. Bureau of Labor Statistics:

• US Gross Domestic Product stood at roughly $30 trillion (seasonally adjusted annual rate) in Q1 2025. The economy contracted at an annualised rate of about 0.3% in Q1 2025.
• Consumer Price Index (Chained CPI, C-CPI-U, U.S. city average, all items; December 1999 = 100) was 178.4 in May 2025.
• Producer Price Index (total manufacturing industries; December 1984 = 100) was 251.6 in May 2025.
• Import Price Index (all commodities) was 141.8 in May 2025.
• Export Price Index (all commodities) was 151.3 in May 2025.

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The full report contains the complete series, together with employment, interest rate and selected state-level data.

More Economic Updates: Read the June 2025 update, or browse the full archive of monthly Economic Updates.