US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate
Consumer spending and business investment drove growth, while imports trimmed nearly 1.7 percentage points from GDP, the Commerce Department said.
- The Commerce Department reported Wednesday that the U.S. economy grew at a solid 2.2% pace from April through June, upgrading its previous estimate of 1.5%.
- Consumer spending, representing about 70% of economic activity, increased at a healthy 3.8% annual pace, up from 0.7% in the January-March period, driving the expansion.
- Business investment, excluding housing, rose at a 9% clip reflecting the artificial intelligence investment boom; Imports rose at a 12.6% annual pace, slashing nearly 1.7 percentage points off growth.
- Investment in housing rose 2.8%, ticking up for the first time since the end of 2024, while underlying economic strength grew at a strong 4.6% rate.
- The economy has proven surprisingly resilient despite fighting with Iran and energy price spikes; the Commerce Department will release the first look at third-quarter growth on Oct. 29.
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U.S. Economy Surpasses Predictions in Q2
Recent data reveals that the U.S. economy significantly outperformed forecasts in the second quarter, demonstrating a robust growth trajectory. This highlights the resilience and strength of our economic foundations.
US Economy Crushes All Expectations In Second Quarter
The U.S. economy blew past expectations in the second quarter, with new government data showing growth was far stronger than economists had previously estimated. Real gross domestic product increased at an annualized rate of 2.2% from April through June, according to the Commerce Department’s final estimate released Wednesday. Economists surveyed by LSEG had expected growth […]
The United States economy grew by 2.2% in the second quarter, exceeding market expectations, supported by consumption, investment and exports, with inflation estimates adjusted downwards.
US GDP Grows 2.2% in Q2 as Consumer Spending & Investment Drive Expansion, Inflation Remains Elevated
Get latest articles and stories on Business at LatestLY. The US economy grew at an annual rate of 2.2 per cent in the second quarter (April-June) of 2026, with consumer spending, investment and exports contributing to the expansion, while price pressures remained elevated, according to the latest data released by the US Bureau of Economic Analysis (BEA). Business News | US GDP Grows 2.2% in Q2 as Consumer Spending & Investment Drive Expansion, I…
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