The Commerce Department reports a modest economic slowdown in the spring, while consumer spending shows signs of strength.
The U.S. economy expanded at an annual rate of 1.5% in the spring of 2026, according to data released by the Commerce Department on July 30th, 2026. This growth rate marks a slight deceleration compared to the previous quarter. Despite the overall slowdown, consumer spending increased, indicating continued economic activity driven by Americans' expenditures.
The Commerce Department's report highlights a mixed economic picture, with growth persisting but at a more moderate pace.
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