US Economic Update, 2Q22: GDP Declines for a Second Quarter, as Consumer Spending on Goods Falls

What's Inside

Our 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.