US GDP growth in the second quarter was 1.5%, lower than the expected 2.1%
2026-07-30 20:59:03
According to CoinMeta, the U.S. economy experienced preliminary growth of 1.5% in the second quarter, which is lower than the expected 2.1%. The factors contributing to this actual growth included increases in consumer spending, investment, and exports, but these were partially offset by a decrease in government spending. Compared to the first quarter, the slowdown in actual growth in the second quarter reflected a decline in government spending as well as a slowdown in investment and exports, which was partly offset by an acceleration in consumer spending. Final sales from domestic purchases (the sum of consumer spending and private fixed investment) grew by 3.9% in the second quarter, compared to 1.7% in the first quarter. The Domestic Purchases Price Index rose by 5.7% in the second quarter, higher than the 3.6% in the first quarter. The Personal Consumption Expenditures (PCE) price index increased by 5.1%, while the PCE price index excluding food and energy rose by 3.4%. Although the headline figures did not meet expectations, the overall report was positive, with core inflation showing a slowdown.
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Source:Internet
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