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Growth & spending

Gross Domestic Product — Q2 2026 (second estimate)

Released August 27, 2026 · Bureau of Economic Analysis · full release · charts & history on EconomicsGuru
The second estimate left Q2 2026 real GDP growth at 1.5% (annualized), unchanged from the advance. Nominal growth was revised up to 8.0%, consumer spending marked slightly higher, and the price measures hotter — the GDP deflator is now up 4.4% from a year ago, the fastest since Q1 2023. Figures below reflect the revised data.
Real GDP growth
1.5%
▼ −0.6 pp m/m
· −2.3 pp y/y
Real GDP
$24.3B
▲ +0.4% m/m
· +2.1% y/y
Real PCE
$16.8B
▲ +0.9% m/m
· +2.3% y/y
Deflator
133.9
▲ +1.6% m/m
· +4.4% y/y

Revision check

Revision check clear. Prior periods were checked against the values in the last report — no revisions found. All changes below are computed on current-vintage data.

Key figures

Headline →Q2 2026Q1 2026M/M chgM/M %Y/Y chgY/Y %12-period trend
Real GDP growth (q/q, SAAR)1.5%2.1%▼ −0.6 pp—▼ −2.3 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Real GDP level (2017 $)$24.3B$24.2B▲ +$0.1B▲ +0.4%▲ +$0.5B▲ +2.1%
 
 
 
 
 
 
 
 
 
 
 
 
 
GDP implicit price deflator133.9131.8▲ +2.1▲ +1.6%▲ +5.6▲ +4.4%
 
 
 
 
 
 
 
 
 
 
 
 
 
PCE chain price index131.3129.7▲ +1.7▲ +1.3%▲ +4.9▲ +3.9%
 
 
 
 
 
 
 
 
 
 
 
 
 
Trend bars show year-over-year % change for index series, the level for rates and survey indexes over the last 13 periods; the latest period is highlighted.
Components (real, SAAR levels) →Q2 2026Q1 2026M/M chgM/M %Y/Y chgY/Y %12-period trend
Real consumer spending$16.8B$16.7B▲ +$0.1B▲ +0.9%▲ +$0.4B▲ +2.3%
 
 
 
 
 
 
 
 
 
 
 
 
 
Real gross private domestic investment$4.5B$4.5B▲ $0.0B▲ +0.7%▲ +$0.1B▲ +3.2%
 
 
 
 
 
 
 
 
 
 
 
 
 
Real government consumption and investment$4.0B$4.0B▼ $0.0B▼ −0.2%▼ $0.0B▼ −0.1%
 
 
 
 
 
 
 
 
 
 
 
 
 
Real net exports$-1.1B$-1.0B▼ −$0.1B▼ −8.2%▼ $0.0B▼ −2.4%
 
 
 
 
 
 
 
 
 
 
 
 
 
Trend bars show year-over-year % change for index series, the level for rates and survey indexes over the last 13 periods; the latest period is highlighted.

What stood out

  • GDP implicit price deflator: up 4.4% from a year ago — the fastest pace since Q1 2023.
  • PCE chain price index: up 3.9% from a year ago — the fastest pace since Q2 2023.
  • Real gross private domestic investment: up 3.2% from a year ago — the fastest pace since Q1 2025.
  • Real net exports: down 2.4% from a year ago — the steepest year-over-year decline since Q2 2025.
  • Exports of goods and services: up 14.8% from a year ago — the fastest pace since Q3 2022.
  • Imports of goods and services: up 11.1% from a year ago — the fastest pace since Q1 2025.

Full detail

Show every category and subcategory
Full detail — nominal aggregates →Q2 2026Q1 2026M/M chgM/M %Y/Y chgY/Y %
Nominal GDP growth (q/q, SAAR)8.0%5.8%▲ +2.2 pp—▲ +2.0 pp—
Exports of goods and services$3.8B$3.5B▲ +$0.2B▲ +6.9%▲ +$0.5B▲ +14.8%
Imports of goods and services$4.6B$4.3B▲ +$0.3B▲ +6.9%▲ +$0.5B▲ +11.1%

Sources

Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-08-31 12:41 UTC. Green marks an increase, red a decrease — direction only, not good or bad.