U.S. GDP Growth Revised Up to 2.2% in Second Quarter

What changed

U.S. real GDP grew at a 2.2% annual rate in the second quarter of 2026, after 2.5% growth in the first quarter. The third estimate lifted the previous Q2 reading of 1.5%, mainly because investment, consumer spending and government spending were stronger than first calculated.

Why it matters

The revision shows a sturdier domestic economy than the earlier estimate suggested. Real final sales to private domestic purchasers rose 4.6%, while real gross domestic income increased 2.6%. Those measures point to underlying activity holding up even as imports rose and GDP growth remained below the first quarter’s pace.

The picture is not uniformly comfortable. The gross domestic purchases price index rose 5.6%, and core PCE inflation increased 3.3%. Growth is also sharply uneven by location: real GDP rose in 44 states and the District of Columbia, ranging from 4.0% in New York to a 2.3% decline in West Virginia. Finance and insurance led New York’s increase, while mining weighed on West Virginia and Wyoming.

Corporate profits from current production increased by $384.0 billion in the quarter. That gives businesses more room to absorb costs or invest, but the figures alone do not show how companies will use those gains. The latest data also do not establish whether the revisions will change monetary policy or the path of future growth.