Report
US second-quarter GDP growth revised up to 2.2% annual rate
The Economic Times, citing the Commerce Department, reports consumer spending rose at a 3.8% annual rate in April–June.
TLDR
The Economic Times, citing the Commerce Department and the Associated Press, reports that US GDP grew at a 2.2% annual rate in the second quarter of 2026, up from an earlier estimate of 1.5%. Consumer spending rose at a 3.8% annual rate and business investment excluding housing at 9%. Higher imports trimmed nearly 1.7 percentage points from GDP growth.
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