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Economic Data Brief |
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Growth & spending
Gross Domestic Product — Q3 2026
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| Real GDP growth (q/q, SAAR) rose by 1.2 pp in Q3 2026 to 3.4%, −0.5 pp from a year ago. Prior quarter: 2.2%. | |
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Real GDP growth
3.4%
▲ +1.2 pp m/m
· −0.5 pp y/y
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Real GDP
$24,611.1B
▲ +0.8% m/m
· +2.1% y/y
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Real PCE
$16,944.9B
▲ +0.9% m/m
· +2.5% y/y
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Deflator
134.1
▲ +0.5% m/m
· +3.7% y/y
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| 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 → | Q3 2026 | Q2 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % | 12-period trend |
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| Real GDP growth (q/q, SAAR) | 3.4% | 2.2% | ▲ +1.2 pp | — | ▼ −0.5 pp | — | | | Real GDP level (2017 $) | $24,611.1B | $24,408.0B | ▲ +$203.1B | ▲ +0.8% | ▲ +$498.1B | ▲ +2.1% | | | GDP implicit price deflator | 134.1 | 133.4 | ▲ +0.7 | ▲ +0.5% | ▲ +4.8 | ▲ +3.7% | | | PCE chain price index | 131.7 | 131.0 | ▲ +0.7 | ▲ +0.5% | ▲ +4.4 | ▲ +3.5% | | | 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) → | Q3 2026 | Q2 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % | 12-period trend |
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| Real consumer spending | $16,944.9B | $16,788.7B | ▲ +$156.2B | ▲ +0.9% | ▲ +$418.7B | ▲ +2.5% | | | Real gross private domestic investment | $4,824.5B | $4,615.1B | ▲ +$209.4B | ▲ +4.5% | ▲ +$351.9B | ▲ +7.9% | | | Real government consumption and investment | $4,139.5B | $4,086.6B | ▲ +$52.9B | ▲ +1.3% | ▲ +$39.7B | ▲ +1.0% | | | Real net exports | −$1,320.3B | −$1,099.3B | ▼ −$221.0B | ▼ −20.1% | ▼ −$328.9B | ▼ −33.2% | | | 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- Real gross private domestic investment: up 7.9% from a year ago — the fastest pace since Q2 2022.
- Real net exports: down 33.2% from a year ago — the steepest year-over-year decline since Q1 2025.
- Real consumer spending: up 2.5% from a year ago — the fastest pace since Q3 2025.
- Real government consumption and investment: up 1.0% from a year ago — the fastest pace since Q3 2025.
- Imports of goods and services: up 19.1% from a year ago — the fastest pace since Q2 2022.
- Real GDP growth (q/q, SAAR): highest since Q3 2025 (4 quarters).
Full detailShow every category and subcategory| Full detail — nominal aggregates → | Q3 2026 | Q2 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % |
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| Nominal GDP growth (q/q, SAAR) | 5.6% | 8.5% | ▼ −2.9 pp | — | ▼ −1.8 pp | — | | Exports of goods and services | $3,752.1B | $3,794.6B | ▼ −$42.6B | ▼ −1.1% | ▲ +$361.4B | ▲ +10.7% | | Imports of goods and services | $4,969.2B | $4,674.9B | ▲ +$294.3B | ▲ +6.3% | ▲ +$795.5B | ▲ +19.1% |
Sources |
Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-10-29 13:30 UTC. Green marks an
increase, red a decrease — direction only, not good or bad.
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