started · updated
US economy grows at 1.5% in second quarter
The United States economy grew at an annual rate of 1.5% in the second quarter of 2026, according to the second estimate from the Bureau of Economic Analysis. This represents a deceleration from the 2.1% growth recorded in the first quarter.
Despite the slower headline growth, consumer spending remained a strong driver, increasing at an annual rate of 3.4%, up from 0.5% in the previous quarter. Business investment, excluding housing, also saw significant growth of 8.5%, largely fueled by an investment boom in artificial intelligence technologies.
The deceleration in GDP was primarily attributed to a 12.5% surge in imports, which are subtracted from the total GDP calculation. These imports included a high volume of computer chips and other products supporting AI infrastructure. Additionally, government spending saw a downturn during this period.
Underlying economic strength remained notable, with real final sales to private domestic purchasers increasing by 4.2%. Inflationary data showed the core Personal Consumption Expenditures (PCE) price index rose by 3.6%.
Entities
Atlanta Fed · Federal Reserve · Franklin Templeton Institute · Scott Bessent · U.S. Bureau of Economic Analysis · U.S. Department of Commerce · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] Non-residential business investment grew by 8.5% in the second quarter. www.albiladpress.com · www.encuentroradiotv.com · www.kaaltv.com · uzalendonews.co.ke · vinnews.com · +2 more
- [● 8 SOURCES] Consumer spending increased at an annual rate of 3.4% during the second quarter. www.albiladpress.com · www.encuentroradiotv.com · journalducoin.com · www.kaaltv.com · uzalendonews.co.ke · +3 more
- [○ 1 SOURCE] The core Personal Consumption Expenditures (PCE) price index increased by 3.6%. www.bea.gov
- [● 8 SOURCES] The U.S. economy grew at an annual rate of 1.5% in the second quarter of 2026. www.albiladpress.com · www.encuentroradiotv.com · journalducoin.com · www.kaaltv.com · uzalendonews.co.ke · +3 more
- [● 7 SOURCES] Imports increased by 12.5% annually, which reduced the GDP growth rate. www.albiladpress.com · www.encuentroradiotv.com · www.kaaltv.com · uzalendonews.co.ke · vinnews.com · +2 more
- [● 2 SOURCES] Real final sales to private domestic purchasers increased by 4.2%. www.albiladpress.com · www.bea.gov