US raises GDP growth estimate to 0.7% in the second quarter

The US revises upwards the GDP of the second quarter of 2026 to 0.7% quarterly and also raises the growth of the first quarter.

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The gross domestic product (GDP) of the United States advanced by 0.7% in the second quarter of 2026 compared to the previous estimate, reflecting a notable improvement in the economic pulse of the country, according to the third estimate released by the Bureau of Economic Analysis of the Department of Commerce.

Thus, between the months of April and June of 2026, the U.S. economy recorded an annualized growth of 2.2%, above the 1.5% that had been communicated in the previous revision of the data.

In addition, the U.S. Executive has also revised upwards the data for the first quarter, raising the GDP increase from 2.1% to the 2.5% estimated in September, that is, four tenths more.

Among the sectors that contributed the most to the GDP advance were real estate and rental, information, durable goods manufacturing, and finance and insurance activities; conversely, the declines in transportation and storage, retail trade, and the non-durable goods industry subtracted from growth.

Likewise, the Department of Commerce has indicated that the personal consumption expenditures (PCE) price index, the preferred indicator by the Federal Reserve (Fed) to assess inflation, stood at 3.4%, while the data reflects a core inflation of 3%.