Insight ReportUS Economic Update, 2Q22: GDP Declines for a Second Quarter, as Consumer Spending on Goods Falls Coresight Research July 29, 2022 Reasons to ReadOur Economic Update discusses macroeconomic indicators from the US. In this report, we look at newly released economic data for the second quarter of 2022, covering GDP and personal consumption expenditure. We analyze correlations between US retail sales and macroeconomic indicators. Click here to read about key consumer indicators in the US, China and the UK—part of our Monthly Consumer Update Read our July 2022 Leading Indicators of US Retail Sales Read about economic data from the first quarter of 2022 for the US and China in our Quarterly Economic Update report. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Financial Sentiment Turns Negative; Tariff Pessimism Deepens; Inflationary Trade-Down Persists: US Consumer Survey InsightsDiwali’s Global Rise Is Reshaping the Retail Growth CycleAnalyst Corner—DeepSeek Opens the Door for AI Democratization: The AI Opportunity, with Charlie PoonSingles’ Day 2025 Around the World—Global Observations