US economy expands at sluggish 1.5% pace in second quarter, but consumer spending stayed strong
- The Commerce Department reported Wednesday that gross domestic product grew at a sluggish 1.5% pace from April through June, decelerating from the 2.1% growth rate during the January-March period.
- Still, consumer spending increased at a healthy 3.4% annual clip, up from 0.5% in the January-March period, accounting for about 70% of American economic activity.
- Imports rose at a 12.5% annual pace from April through June, partly due to a surge in shipments of computer chips supporting Big Tech investment, which reduced growth.
- Business investment was up, reflecting the ongoing technology expansion, while the American economy has proven resilient despite fighting with Iran and the spike in energy prices it caused.
- The report was the second of three Commerce Department looks at second-quarter GDP growth, with the final report due Sept. 30.
19 Articles
19 Articles
The American economy, in the second quarter, grew by 1.5%, in line with expectations. This is what emerges from the second estimate of GDP that confirms the previous survey of July. In the first three months of the year it had grown by 2.1%. (ANSA). (ANSA)
The U.S. Gross Domestic Product (GDP) grew 1.5% in the second quarter of 2026, on an annual basis, according to the second preliminary reading released on Wednesday (today by the U.S. Department of Commerce. The result came below 2.1% recorded in the previous quarter and in line with the estimate of some analysts. The factors that contributed to the increase were the increases in consumer, export and investment expenditures, partially offset by …
연합뉴스-Yonhap News Agency
조선일보(New York = Yonhap News) Correspondent Lim Soo-jung = The U.S. economic growth rate for the second quarter was provisionally tallied at 1.5%, maintaining the same level as the preliminary figure.
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