US GDP Growth Slows to 1.5% in Q2 2026

The advance estimate from the U.S. Bureau of Economic Analysis (BEA) indicates that real gross domestic product (GDP) increased at an annual rate of 1.5 percent in the second quarter of 2026 (April, May, and June), a deceleration from the 2.1 percent growth seen in the first quarter. This slowdown was primarily due to an increase in imports and a decrease in government spending, partly offset by increases in consumer spending, investment, and exports. The personal consumption expenditures (PCE) price index rose 5.1 percent, compared with 4.6 percent in the prior quarter.