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GDP (Advance Estimate), 2nd Quarter 2026

Friday, July 31, 2026 from BEA

Real gross domestic product (GDP) increased at an annual rate of 1.5 percent in the second quarter of 2026 (April, May, and June), according to the advance estimate released today by the U.S. Bureau of Economic Analysis (BEA). In the first quarter, real GDP increased 2.1 percent.

Real GDP, Percent Change From Preceding Quarter

The contributors to the increase in real GDP in the second quarter were increases in consumer spending, investment, and exports that were partly offset by a decrease in government spending. Imports, which are a subtraction in the calculation of GDP, increased. For more information, refer to the “Technical Notes” below.

Contributions to Percent Change in Real GDP

Compared to the first quarter, the deceleration in real GDP in the second quarter reflected a downturn in government spending and decelerations in investment and exports that were partly offset by an acceleration in consumer spending. Imports increased more in the second quarter than in the first quarter.

Real final sales to private domestic purchasers, the sum of consumer spending and gross private fixed investment, increased 3.9 percent in the second quarter, compared with an increase of 1.7 percent in the first quarter.

The price index for gross domestic purchases increased 5.7 percent in the second quarter, compared with an increase of 3.6 percent in the first quarter. The personal consumption expenditures (PCE) price index increased 5.1 percent, compared with an increase of 4.6 percent, and the PCE price index excluding food and energy increased 3.4 percent, compared with an increase of 4.4 percent.

Quarter-to-Quarter Change in Prices
Real GDP and Related Measures
[Percent change (SAAR) from 2026:Q1 to 2026:Q2]
Advance Estimate
Real GDP 1.5
Current-dollar GDP 7.9
Real final sales to private domestic purchasers 3.9
Gross domestic purchases price index 5.7
PCE price index 5.1
PCE price index, excluding food and energy 3.4
Annual Update of the National and Regional Economic Accounts

With improvements in the concurrent production of BEA statistics, the 2026 annual updates of national, industry, and regional data will begin on the same day for the first time: September 30, 2026. The annual update of the National Economic Accounts includes GDP, gross domestic income, GDP by industry, monthly personal income and outlays, and related statistics in the National Income and Product Accounts and the Industry Economic Accounts. The update of the Regional Economic Accounts includes GDP by state and by county, personal income by state and by county, and related statistics. For details, refer to “Information on 2026 Annual Updates to the National, Industry, State, and County Statistics.”

For definitions, statistical conventions, updates to GDP, and more information about national statistics, visit “Additional Information.”

Next release: August 26, 2026, at 8:30 a.m. EDT
GDP (Second Estimate) and Corporate Profits, 2nd Quarter 2026