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U.S. economic growth came in stronger than initially reported in the second quarter, upgraded by firmer consumer spending and a pickup in business investment, the Bureau of Economic Analysis said on Sept. 30.
Gross domestic product—also known as GDP—grew at an annualized rate of 2.2 percent, up from the previous estimate of 1.5 percent.
Despite the higher revision, the economy still decelerated from the 2.5 percent expansion registered in the first three months of 2026.
The upgrade reflected robust consumer spending in the April–June span, which climbed by 3.8 percent, up from 0.7 percent in the first quarter.
Consumers had participated in several major seasonal activities during the quarter, including Amazon Prime Day and the FIFA World Cup….
Gross domestic product—also known as GDP—grew at an annualized rate of 2.2 percent, up from the previous estimate of 1.5 percent.
Despite the higher revision, the economy still decelerated from the 2.5 percent expansion registered in the first three months of 2026.
The upgrade reflected robust consumer spending in the April–June span, which climbed by 3.8 percent, up from 0.7 percent in the first quarter.
Consumers had participated in several major seasonal activities during the quarter, including Amazon Prime Day and the FIFA World Cup….
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