AI Data Insight
In the second quarter of 2026, the annualized quarter-on-quarter growth rate of US nominal PCE goods consumption surged to 8.3%, a significant jump from the previous value of 5.4%, injecting a strong boost into overall consumption momentum. Although real GDP growth was constrained during the same period, driven by rising energy prices and demand for new cars, private consumption showed extremely strong resilience. Looking ahead, attention must be paid to the potential backlash of high inflation on real purchasing power.