Insight Report 4 minutes PremiumUS Economic Update, 2Q22: GDP Declines for a Second Quarter, as Consumer Spending on Goods Falls Coresight Research July 29, 2022 What's InsideOur 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: US Tariffs on Canada and Mexico: What US Consumers ThinkConsumer Sentiment Falls Further After Stock-Market Sell-Off: Weekly US Consumer Sentiment, Week 12, 2025—InfographicUS Tariffs: Divergence Between Consumer and Business Sentiment and What It Means for RetailWeekly UK Store Openings and Closures Tracker 2025, Week 19: Store Closures Down 25% Year Over Year