US Q3 GDP grows 3.4% as PCE inflation cools to 2.1%

BEA ·
  • BEA's advance estimate puts real GDP growth at 3.4% annualized in Q3 2026, up from 2.2% in Q2.
  • Real final sales to private domestic purchasers rose 4.9% in Q3, compared with 4.6% in Q2.
  • The PCE price index rose 2.1% in Q3 versus 5.0% in Q2, and the core PCE index rose 2.5% versus 3.3%.
  • The gross domestic purchases price index rose 3.0% in Q3, down from 5.6% in Q2.
  • Investment, consumer spending, and government spending drove the Q3 gain, partly offset by weaker exports. Imports rose.

Quotes

“Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the third quarter of 2026 (July, August, and September)”— U.S. Bureau of Economic Analysis
“The personal consumption expenditures (PCE) price index increased 2.1 percent, compared with an increase of 5.0 percent”— U.S. Bureau of Economic Analysis

Sources

US Q3 GDP grows 3.4% as PCE inflation cools to 2.1% — Heurist Finance