US Economy Grew 2.2% in Q2 2026, BEA Final Estimate Shows
Real GDP rose 2.2% annually in Q2 2026, driven by consumer spending, investment, and exports, the BEA's third estimate confirms.
The U.S. economy expanded at an annual rate of 2.2 percent in the second quarter of 2026, according to the third and final estimate released by the Bureau of Economic Analysis, a modest deceleration from the revised 2.5 percent growth recorded in the first quarter of the year.
Consumer spending, business investment, and exports were the primary drivers of second-quarter growth. Rising imports, which are subtracted from GDP in the national accounts, partially offset those gains — a dynamic that can signal robust domestic demand even as it weighs on the headline figure.
Read more Fed's Barr Addresses Economic Outlook and Monetary Policy in Detroit →
State-level data revealed sharp geographic divergence in economic performance. New York posted the strongest growth among all states at 4.0 percent, while West Virginia recorded the steepest contraction, with real GDP falling 2.3 percent during the same period.
The report also incorporated revised industry-level data and updated corporate profits figures, along with state personal income statistics and state-level personal consumption expenditure data for 2025, providing a comprehensive snapshot of where economic activity is concentrated and where it is softening across the country.
The back-to-back quarters of positive growth suggest the broader U.S. expansion remained intact through mid-2026, though the moderation from Q1 and uneven regional performance point to conditions that analysts and policymakers will continue to monitor closely. Continue reading at U.S. Bureau of Economic Analysis.
