Q2 GDP Up 1.5%

Washington, DC, July 30, 2026– Real gross domestic product (GDP) increased at an annual rate of 1.5% in Q2 2026 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis (BEA). 

In Q1, real GDP increased 2.1%.

The contributors to the increase in real GDP in Q2 were increases in consumer spending, investment, and exports that were partly offset by a decrease in government spending. Imports, which are a subtraction in the calculation of GDP, increased. 

Compared to Q1, the deceleration in real GDP in the second quarter reflected a downturn in government spending and decelerations in investment and exports that were partly offset by an acceleration in consumer spending. Imports increased more in the second quarter than in the first quarter.