US GDP Growth Revised Sharply Higher

2026-09-30 12:35 By Anna Fedec 1 min. read

The US economy expanded at an annualized rate of 2.2% in Q2 2026, revised up by 0.7 percentage point from the 2nd estimate, following an upwardly revised 2.5% growth in Q1.

The stronger estimate reflected upward revisions to investment, consumer spending, and government spending.

The upward revision to investment reflected stronger private inventory and fixed investment, with nonresidential structures (particularly commercial and healthcare construction, led by data centers) providing the largest contribution.

From an industry perspective, the growth was driven by increases in real value added across private services-producing industries (2.5%), private goods-producing industries (2.3%), and government (less than 0.1%).

The largest contributions came from real estate and rental and leasing, information, durable goods manufacturing, and finance and insurance.

These gains were partly offset by declines in transportation and warehousing, retail trade, and nondurable goods manufacturing.



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US GDP Growth Revised Sharply Higher
The US economy expanded at an annualized rate of 2.2% in Q2 2026, revised up by 0.7 percentage point from the 2nd estimate, following an upwardly revised 2.5% growth in Q1. The stronger estimate reflected upward revisions to investment, consumer spending, and government spending. The upward revision to investment reflected stronger private inventory and fixed investment, with nonresidential structures (particularly commercial and healthcare construction, led by data centers) providing the largest contribution. From an industry perspective, the growth was driven by increases in real value added across private services-producing industries (2.5%), private goods-producing industries (2.3%), and government (less than 0.1%). The largest contributions came from real estate and rental and leasing, information, durable goods manufacturing, and finance and insurance. These gains were partly offset by declines in transportation and warehousing, retail trade, and nondurable goods manufacturing.
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