Economic Impact Group, LLC Economic Data Brief
 
Growth & spending

Gross Domestic Product — Q2 2026

Released August 3, 2026 · Bureau of Economic Analysis · full release · charts & history on EconomicsGuru
Real GDP growth (q/q, SAAR) fell by −0.6 pp in Q2 2026 to 1.5%, −2.3 pp from a year ago. Prior quarter: 2.1%. Prior periods were revised in 14 series — figures below reflect that.
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
▲ +0.8% m/m
· +2.3% y/y
Deflator
133.8
▲ +1.5% m/m
· +4.3% y/y
Hold — data may be stale. The newest data available is Q2 2026, but the release calendar says Q2 2026 should be out by now. The agency may have slipped, or the source has not ingested it yet — this report covers Q2 2026.

Revision check

REVISIONS DETECTED (14) — since first published. Every change below is calculated on the revised figures.
Real GDP growth (q/q, SAAR) · Q4 20251.4%→0.5%▼ −0.9 pp
Nominal GDP growth (q/q, SAAR) · Q4 20255.1%→4.2%▼ −0.9 pp
Real net exports · Q1 2026$-1.1B→$-1.0B▲ +$0.1B
Real GDP growth (q/q, SAAR) · Q1 20262.0%→2.1%▲ +0.1 pp
Nominal GDP growth (q/q, SAAR) · Q1 20265.6%→5.8%▲ +0.2 pp
Real GDP growth (q/q, SAAR) · Q3 20254.3%→4.4%▲ +0.1 pp
Real net exports · Q4 2025$-0.9B→$-1.0B▼ $0.0B
Imports of goods and services · Q1 2026$4.4B→$4.3B▼ −$0.1B
Nominal GDP growth (q/q, SAAR) · Q3 20258.2%→8.3%▲ +0.1 pp
Exports of goods and services · Q4 2025$3.4B→$3.4B▼ $0.0B
Exports of goods and services · Q1 2026$3.5B→$3.5B▼ $0.0B
Real gross private domestic investment · Q4 2025$4.4B→$4.4B▼ $0.0B
Real consumer spending · Q1 2026$16.7B→$16.7B▼ $0.0B
Real GDP level (2017 $) · Q4 2025$24.1B→$24.1B▼ −$0.1B

Key figures

Headline →Q2 2026Q1 2026M/M chgM/M %Y/Y chgY/Y %12-period trend
Real GDP growth (q/q, SAAR)REVISED1.5%2.1%▼ −0.6 pp—▼ −2.3 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Real GDP level (2017 $)REVISED$24.3B$24.2B▲ +$0.1B▲ +0.4%▲ +$0.5B▲ +2.1%
 
 
 
 
 
 
 
 
 
 
 
 
 
GDP implicit price deflator133.8131.8▲ +2.0▲ +1.5%▲ +5.6▲ +4.3%
 
 
 
 
 
 
 
 
 
 
 
 
 
PCE chain price index131.3129.7▲ +1.6▲ +1.3%▲ +4.9▲ +3.8%
 
 
 
 
 
 
 
 
 
 
 
 
 
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 spendingREVISED$16.8B$16.7B▲ +$0.1B▲ +0.8%▲ +$0.4B▲ +2.3%
 
 
 
 
 
 
 
 
 
 
 
 
 
Real gross private domestic investmentREVISED$4.5B$4.5B▲ $0.0B▲ +0.7%▲ +$0.1B▲ +3.3%
 
 
 
 
 
 
 
 
 
 
 
 
 
Real government consumption and investment$4.0B$4.0B▼ $0.0B▼ −0.2%▼ $0.0B▼ 0.0%
 
 
 
 
 
 
 
 
 
 
 
 
 
Real net exportsREVISED$-1.1B$-1.0B▼ −$0.1B▼ −7.3%▼ $0.0B▼ −1.6%
 
 
 
 
 
 
 
 
 
 
 
 
 
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 4.3% from a year ago — the fastest pace since Q1 2023.
  • PCE chain price index: up 3.8% from a year ago — the fastest pace since Q2 2023.
  • Real gross private domestic investment: up 3.3% from a year ago — the fastest pace since Q1 2025.
  • Real net exports: down 1.6% 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 10.9% 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)REVISED7.9%5.8%▲ +2.1 pp—▲ +1.9 pp—
Exports of goods and servicesREVISED$3.8B$3.5B▲ +$0.2B▲ +6.9%▲ +$0.5B▲ +14.8%
Imports of goods and servicesREVISED$4.6B$4.3B▲ +$0.3B▲ +6.8%▲ +$0.5B▲ +10.9%

Sources

Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-08-03 13:18 UTC. Green marks an increase, red a decrease — direction only, not good or bad.