The US economy grew at an annualized rate of 2.2% in Q2 2026, revised up by 0.7 percentage point from the second estimate, after an upwardly revised 2.5% expansion in Q1. The stronger Q2 reading primarily reflects upward revisions to investment, consumer spending, and government expenditures.
The revision to investment was driven by more robust private inventory accumulation and fixed investment, with nonresidential structures—especially commercial and healthcare construction, led by data centers—making the largest contribution.
By industry, growth was broad-based, supported by increases in real value added across private services-producing industries (2.5%), private goods-producing industries (2.3%), and government (less than 0.1%). The largest positive contributions came from real estate and rental and leasing, information, durable goods manufacturing, and finance and insurance. These gains were partly offset by declines in transportation and warehousing, retail trade, and nondurable goods manufacturing.
