U.S. Economy Expands 2.2% in Q2

The U.S. economy grew by 2.2% in the second quarter, driven by strong consumer spending and investment. This growth rate is down from 2.5% in the first quarter. Households, which account for about 70% of U.S. economic activity, increased their spending at an annual rate of 3.8%, compared to 0.7% in the previous quarter. Additionally, the country's imports rose by 12.6% on an annual basis. Business investments, excluding the housing sector, increased by 9%, while the housing sector experienced its first uptick since the end of 2024, growing by 2.8%.

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