US economy picks up pace in Q2, grows 2.2% as consumer spending, AI investment surge
- Posted on September 30, 2026
- By Business News Today
- 0 Views
- 1 min read
In brief
Generating AI summary…
US economy picks up pace in Q2, grows 2.2% as consumer spending, AI investment surge
The US economy grew at a 2.2% annual pace in the second quarter, up from the governments earlier 1.5% estimate, as consumer spending and business investment remained strong. Consumer spending rose 3.8%, while business investment excluding housing increased 9%. Surging imports, however, trimmed nearly 1.7 percentage points from GDP growth.
