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6.3
US Q2 2026 GDP revised to 2.2%, down from Q1's 2.5%
US Bureau of Economic AnalysisHI·US·2 days ago
US construction spending rose 0.9% in August to $2.203 trillion, well above the 0.1% consensus estimate, driven by gains in private residential and non-residential sectors. The year-over-year decline of 1.7% indicates underlying softness, but the monthly beat suggests resilience in construction activity. This data point supports a modestly positive growth outlook for Q3 GDP.