NEWS & INDUSTRY REPORTS

Real GDP increased at an annual rate of 2.2% in the second quarter of 2026, according to the third estimate from the Bureau of Economic Analysis (BEA). This represents a modest deceleration from the 2.5% growth recorded in the first quarter, which was revised upward from 2.1%. The second-quarter figure was revised up 0.7 percentage point from the prior estimate, primarily reflecting upward revisions to investment, consumer spending, and government spending. Consumer spending,