AI Data Insight
The contribution of nondurable goods consumption to US GDP reached 0.6 percentage points in the second quarter of 2026, a significant turnaround from -0.03 in the first quarter. Although the overall GDP growth of 1.5% fell short of market consensus, underlying private consumption demonstrated extreme resilience, driven by purchasing momentum in prescription drugs and apparel. Looking ahead to the second half of the year, attention must be paid to the erosion risks of high oil prices and interest rates on household purchasing power.