Real gross domestic product rose at an annual rate of 2.2% in the second quarter of 2026, according to the Bureau of Economic Analysis’ third and final estimate. That is revised up from 1.5% in the second estimate and above market expectations of 1.5%. Growth moderated slightly from the first quarter. Consumer spending and fixed investment added 2.51 and 1.35 percentage points to growth, respectively, while net exports (-1.1pp) continued to weigh on the headline. Real final sales to private domestic purchasers rose 4.6%, up 0.4 percentage points from the prior estimate.
The ABA Office of the Chief Economist believes the upward revision shows private demand in the second quarter was even stronger than initially reported. Solid consumer spending and business investment should continue to support loan demand across consumer and commercial portfolios.
