U.S. economic growth slowed unexpectedly in the second quarter of the year, according to the Commerce Department's advance estimate.
The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of second-quarter GDP, which showed the economy grew at an annualized rate of 1.5% in the three-month period including April, May and June.
That figure was below the 2.1% growth estimate of economists polled by LSEG.
It comes after the U.S. economy grew at a rate of roughly 2.1% in the first-quarter of 2026. Taken together with the advance second-quarter estimate, that suggests the U.S. economy grew about 1.8% in the first half of this year.
Last year, the U.S. economy grew at an annualized rate of 4.4% in the third quarter and 0.5% in the fourth quarter, which contributed to a growth rate of about 2.1% for 2025 as a whole.
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