AI Data Insight
In the third quarter of 2026, the contribution of US real personal consumption expenditures (goods) to the annualized quarter-on-quarter GDP growth rate jumped to 1.89 percentage points, significantly surpassing the previous 1.04 percentage points. Driven by the dual engines of consumption and AI investment, Q3 economic growth reached 3.4%, beating market consensus. Although short-term holiday momentum is intact, the lagging effect of high interest rates remains a medium-term concern for consumption.