AI Data Insight
According to the latest data, the quarter-over-quarter growth contribution of Personal Consumption Expenditures (PCE) in US real GDP for the second quarter of 2026 jumped significantly to 2.12%, a marked increase from 1.08% in the first quarter. Although overall economic growth for the quarter slowed due to the drag from net exports and inventories, robust domestic consumption and services spending have bucked the trend to become the core engines supporting economic growth. Looking ahead, it is necessary to closely monitor the pace of core inflation cooling and the subsequent impact of changes in disposable income on consumer purchasing power.