GovernmentUnited States Official institution
US economy expanded 3.4% in third quarter of 2026, with business investment leading the gain
A Treasury advisory committee statement reports that US real GDP rose 3.4% at an annual rate in the third quarter of 2026, up from 2.2% in the second quarter. Business spending on equipment, software and research drove much of the growth, while consumer spending remained the largest contributor. Residential investment declined and a wider trade deficit reduced growth. Real GDP means output adjusted for inflation.
This summary was generated by AI; the official source prevails.
What does it mean?
The economy grew faster in the summer and early fall of 2026 than in the spring. Companies spent heavily on new machines and equipment, and households kept spending. Home building slowed.
Who is affected?
Businesses buying equipment and workers in expanding industries.