U.S. growth revised to 2.2%; PCE inflation at 3.4%
The September 30 releases measure the second quarter and August on different bases.
Carried forward 2026-10-02. Data released on September 30 cover the second quarter and August; they are not new measurements from October 2.
U.S. real GDP grew at a 2.2% annualized rate in the second quarter of 2026, according to the Bureau of Economic Analysis’s third estimate released on September 30. The previous estimate was 1.5%; first-quarter growth is now put at 2.5%. [1]
Spending supports activity
Reuters highlights the role of consumer spending and business investment. Household spending grew at a 3.8% annualized rate in the second quarter, following 0.7% in the first. [3]
Prices continue to rise
In a separate release, the BEA reports a 3.4% year-over-year increase in August’s personal consumption expenditures (PCE) price index, or 3.0% excluding food and energy. The monthly changes were 0.3% and 0.2%, respectively. [2]
Keep the measures separate
An annualized rate is not a year-over-year change. GDP and prices measure different developments. [2]
Perspectives compared
Sources and documents
- [1] Bureau of Economic Analysis — GDP ↗September 30, 2026
- [2] Bureau of Economic Analysis — income and outlays ↗September 30, 2026
- [3] Reuters — Lucia Mutikani / MarketScreener ↗September 30, 2026