US Economy Grows 2.2% in Q2 Final BEA Reading, Surpassing Q1 Expansion
Key Facts
The U.S. economy expanded by 2.2% in the second quarter of 2026, according to the final reading released by the Bureau of Economic Analysis. Reuters reported that this figure surpasses the 2.1% growth recorded in the first quarter, reflecting a stronger economic performance than previously estimated.
This upward revision in growth coincides with robust data from other sectors, as the U.S. Services PMI reached 58.7 on September 23, 2026. The Manufacturing PMI also stood at 57 on the same date, indicating sustained momentum in both industrial and service activities alongside the GDP expansion.
Latest Updates · 2
- Notable·
Update: ADP payroll data released on September 30, 2026, showed that US private sector employment grew by 90k during the month. These figures surpassed analyst expectations of 75k, further reinforcing signs of labor market resilience alongside the GDP expansion.
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Update: U.S. consumer spending rose by 0.9% in August 2026. Conversely, personal income grew by only 0.2% during the same month, falling short of the 0.5% market expectation.