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Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS GDP Growth Rate QoQ fell to 1.5% in Q2 2026
U.S. Bureau of Economic AnalysisQuarterlyReleased July 2026
US GDP Growth Rate QoQ fell to 1.5% in Q2 2026, released July 2026, down 0.6% from March's 2.1% reading. The reading missed the 2.1% consensus by 0.6%. The print is running well below the 12-month average of 1.83%. Over the past 3 months, GDP Growth Rate QoQ averaged 1.85%, vs 1.15% in the prior 3-month window. The reading is in the 30th percentile of the trailing 24-month range.
Latest Release
1.5
Actual
2.1
Consensus
2.1
Previous
Median Absolute Error
±0.36 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 1.4
Actual: 2.1
Error: -0.7
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.50 | CRYPTO | Moves against | → View |
| MSFT | ▲ Direct | +0.38 | STOCKS | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| S&P 500 | ▲ Direct | +0.33 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate QoQ (United States) was reported at 1.5% in July 2026. This missed the market consensus of 2.1% by 0.6%. The reading fell from the previous value of 2.1%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 2.53%, ranging from 0.7% to 4.3% across 8 releases. This is classified as a high-impact indicator released on a quarterly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.47%, down from the prior three at 3.17%. Volatility over the past year (σ 1.19%) is lower than the prior year (σ 1.38%). In June readings over the past 3 years, GDP Growth Rate QoQ has averaged 1%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with MSFT, positively correlated (Bullish MSFT). Over the last 12 releases, the Sigmacast model's median absolute error is 0.36%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Cost Index QoQ (Jul 31) and Employment Cost - Wages QoQ (Jul 31).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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GDP Growth Rate QoQ - US
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About GDP Growth Rate QoQ — United States
DEFINITION
The GDP Growth Rate QoQ (Quarter over Quarter) is a key economic indicator that measures the percentage change in a country's gross domestic product from one quarter to the next. It provides valuable insight into the overall health and growth of the economy, and is closely monitored by investors, policymakers, and businesses to make informed decisions. A positive GDP Growth Rate QoQ indicates a growing economy, while a negative rate suggests a decline. This indicator is an important tool for assessing the current state and predicting future trends of a country's economy.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 1.5 %, consensus 2.1 %. Prior reading (Jan 2026): 2.1 %. Before that (Jan 2026): 1.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.50) — a useful reference for crypto-focused traders.
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Economic Calendar - US Events
| Wednesday, July 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 14:30 | US | EIA Crude Oil Stocks Change | -7.167 | 2.011 | -1.3 | -4.23 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 0.007 | 0.765 | -0.7 | -0.35 | Medium |
| 14:30 | US | EIA Distillate Stocks Change | 1.062 | 1.395 | 0.2 | 0.63 | Low |
| 18:00 | US | Fed Interest Rate Decision | 3.75 | 3.75 | 3.75 | 3.75 | High |
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Personal Income MoM | 0.2 | 0.7 | 0.3 | 0.35 | High |
| 12:30 | US | PCE Price Index MoM | -0.1 | 0.5 | -0.1 | -0.10 | Medium |
| 12:30 | US | PCE Prices QoQ | 5.1 | 4.6 | 4 | 4.63 | Low |
| 12:30 | US | Initial Jobless Claims | 197 | 188 | 200 | 192.75 | Medium |
| 12:30 | US | Real Consumer Spending QoQ | 3.2 | 0.5 | 0.4 | 0.85 | Low |
| 12:30 | US | PCE Price Index YoY | 3.7 | 4.1 | 3.7 | 3.70 | Medium |
| 12:30 | US | GDP Growth Rate QoQ | 1.5 | 2.1 | 2.1 | 1.88 | High |
| 12:30 | US | Continuing Jobless Claims | 1782 | 1789 | 1800 | 1786.75 | Low |
| 12:30 | US | Gross Domestic Product QoQ | 1.5 | 2.1 | 2.1 | 1.90 | High |
| 12:30 | US | Jobless Claims 4-Week Average | 202.75 | 207.75 | 210 | 205.06 | Low |
| 12:30 | US | Core PCE Price Index MoM | 0.1 | 0.3 | 0.2 | 0.18 | High |
| 12:30 | US | GDP Sales QoQ | 2.2 | 1.9 | 1.4 | 1.82 | Low |
| 12:30 | US | Core PCE Price Index YoY | 3.3 | 3.4 | 3.3 | 3.30 | Low |
| 12:30 | US | Core PCE Prices QoQ | 3.4 | 4.4 | 3.5 | 3.52 | Low |
| 12:30 | US | GDP Price Index QoQ | 6.3 | 3.6 | 3.6 | 4.45 | Medium |
| 12:30 | US | Personal Spending MoM | 0.3 | 0.9 | 0.3 | 0.30 | High |
| 14:30 | US | EIA Natural Gas Stocks Change | 28 | 32 | 35 | 33.00 | Low |