US economy expanded at sluggish 1.5% pace in second quarter, on par with earlier estimate
- The U.S. economy grew at a 1.5% pace from April through June.
- Consumer spending increased at a healthy 3.4% annual rate in the second quarter.
- Imports rose at a 12.5% annual pace, negatively impacting GDP growth.
- Business investment, excluding housing, rose at an 8.5% pace in the second quarter.
- The underlying measure of economic strength grew at a 4.2% rate, up from 1.7% in the first quarter.
The U.S. economy grew at a sluggish 1.5% pace from April through June, according to the Commerce Department. This growth rate is unchanged from the department's initial estimate. Consumer spending, which makes up about 70% of U.S. economic activity, rose at a strong 3.4% annual rate, up from 0.5% in the previous quarter.
The lackluster growth was attributed to a rise in imports, which increased at a 12.5% annual pace and subtracted 1.64 percentage points from second-quarter growth. Despite this, business investment, excluding housing, rose at an 8.5% pace, reflecting ongoing investment in artificial intelligence.
Additionally, a measure of the economy's underlying strength, which excludes volatile government spending and trade figures, grew at a robust 4.2% rate, up from 1.7% in the first quarter. Investment in housing also increased for the first time since late 2024, although the housing market remains impacted by high mortgage rates.
美国经济在第二季度以缓慢的1.5%增速扩张，符合早期估计
根据商务部的数据，美国经济在4月至6月期间以缓慢的1.5%增速增长。这个增长率与部门的初步估计一致。消费者支出占美国经济活动的约70%，在第二季度以强劲的3.4%年增速增长，高于前一季度的0.5%。
乏力的增长归因于进口的上升，进口以12.5%的年增速增长，减少了第二季度增长的1.64个百分点。尽管如此，不包括住房的商业投资在第二季度以8.5%的增速上升，反映出对人工智能的持续投资。
此外，剔除波动的政府支出和贸易数据后，经济的基本面指标以4.2%的强劲增速增长，高于第一季度的1.7%。住房投资也在2024年底以来首次增加，尽管住房市场仍受到高抵押贷款利率的影响。