AI Data Insight
In the second quarter of 2026, US personal consumption expenditures on services (seasonally adjusted) reached $15.1769 trillion, a significant increase of $160.9 billion from $15.0160 trillion in the first quarter, continuing to set a new historical high. Although the overall US GDP growth rate dropped to a lower-than-expected 1.5% during the same period due to drags from government spending and trade, the strong rebound in core services consumption such as food services and accommodations, finance, and healthcare remains the key defense line supporting the underlying momentum of the US economy.