Inflation indicators for the period were mixed, with the final PCE price index hitting 5.0%. The core PCE, which excludes volatile food and energy prices, came in at 3.3%, trailing the 3.6% analyst forecast. The updated results include annual revisions to the GDP components table to finalize growth measurements for the second quarter of 2026.
Tuesday, October 20, 2026
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US Q2 GDP Growth of 2.2% Beats all 53 Bloomberg Forecasters
US Markets21 days ago
Consumer spending for the second quarter rose to 3.8% from a prior estimate of 3.4% in the latest economic data. This helped drive the final US GDP growth rate to 2.2%, surpassing the 1.5% consensus estimate and the previous reading of 2.1%. All 53 analysts surveyed by Bloomberg had predicted growth figures lower than the final outcome.
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