U.S. GDP Growth Beats Estimates for Q2

Nationwide, real GDP grew 2.4% at the annual rate in Q2 2023, building on the 2% growth rate of Q1, according to federal data. This as business investment on productivity-enhancing equipment continues to be one of the brightest spots across the U.S. economy, according to RSM, an OMA Connections Partner.

Chad Moutray, chief economist for the National Association of Manufacturers, published this GDP graph, noting “the U.S. economy continues to show signs of resilience despite ongoing challenges and worries about the outlook.” 7/27/2023