U.S. Real GDP Growth Revised Up to 2.1% in Q1 2026; Personal Income and Spending Rise 0.7% in May

The third estimate from the U.S. Bureau of Economic Analysis (BEA) shows that real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the first quarter of 2026, an upward revision from previous estimates. Additionally, personal income and personal consumption expenditures (PCE) both increased by 0.7 percent in May 2026.