The U.S. economy grew at a 2.2% annualized rate in the second quarter of 2026, the Commerce Department said in an updated estimate published Wednesday, punching past expectations.
The update reflects upward revisions to investments, driven by private inventory investment and private fixed investment, as well as consumer spending and government spending. The consumer-spending upshift was led by recreation services and vehicles, while higher federal defense spending lifted the government-spending tally.
Source: Second-Quarter GDP Growth Climbs to 2.2% in Third Estimate | Morningstar