AI Data Insight
In the second quarter of 2026, the contribution of the change in US private inventories to GDP quarter-on-quarter growth dropped significantly to -0.67 percentage points, not only lower than the previous value of 0.4%, but also becoming the main drag on overall economic growth for the quarter. Although inventory drawdown and weak net exports caused the overall Q2 GDP growth rate to slow to 1.5%, falling short of market expectations, terminal personal consumption and AI equipment investment remained strong. In the future, as corporate restocking demand emerges, it is expected to provide potential support for economic momentum in the second half of the year, though medium-term variables such as inflation and tariff policies must be noted.