AI Data Insight
Latest data shows that in the third quarter of 2026, the quarter-over-quarter contribution of US personal goods consumption to GDP fell back to 0.63% from 1.08% in the previous quarter. Although overall Q3 GDP beat the market expectation of 3.2% with a strong annualized quarter-over-quarter growth rate of 3.4%, the main drivers propelling the economy have clearly shifted towards AI equipment investment and services spending. In an environment of sticky inflation and high interest rates, close attention must be paid to whether goods consumption momentum will further slow down in the future.