Real gross domestic product (GDP) increased at an annual rate of 4.4% in the third quarter of 2025 (July–September), according to the updated estimate released by the US Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8%. The increase in real GDP in the third quarter reflected increases in consumer spending, exports, government spending, and investment. Imports, which are a subtraction in the calculation of GDP, decreased.
Source: BEA Gross Domestic Product | US Bureau of Economic Analysis (BEA)
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% on a seasonally adjusted basis in January, the US Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.4% before seasonal adjustment. The all items index rose 2.4% for the 12 months ending January, after rising 2.7% for the 12 months ending December. The all items less food and energy index rose 2.5% over the last 12 months. The energy index decreased 0.1% for the 12 months ending January. The food index increased 2.9% over the last year.
Source: BLS https://www.bls.gov/news.release/cpi.nr0.htm
Note: No Data reported for October 2025
New York State’s Consumer Price Index — The Consumer Price Index for All Urban Consumers (CPI-U) in the New York-Newark-Jersey City area rose 0.3% in January 2026, the US Bureau of Labor Statistics (BLS) reported, and it was 2.9% for the 12 months ending in January. (https://www.bls.gov/regions/northeast/news-release/consumerpriceindex_newyork.htm)
Seasonally adjusted unemployment rate increased from 4.5% in November to 4.6% in December 2025. (https://dol.ny.gov/labor-data)
Empire State Manufacturing Survey — The headline general business conditions index was little changed at 7.1, its fourth positive reading in five months. (https://www.newyorkfed.org/survey/empire/empiresurvey_overview)
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