U.S. Trade Deficit Widens, Personal Spending Rises, and Q2 GDP Revised Upward

The U.S. goods and services trade deficit increased to $105.6 billion in August 2026 from a revised $92.8 billion in July, as imports grew more than exports. Separately, personal income rose by 0.2% and personal consumption expenditures (PCE) increased by 0.9% in August. The third estimate for real gross domestic product (GDP) in the second quarter of 2026 showed an annualized increase of 2.2%, an upward revision from previous estimates.