US GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on US economic health.
Actual
3%
Forecast
3.0%
Previous
1.6%
Source: U.S. Bureau of Economic Analysis. Figures as released; revisions appear in the next print.
US GDP Growth Rate for Q2 2024 came in at 3% versus 3.0% expected (previous 1.6%), in line with forecast.
What it meant for the US Dollar
The actual landed in line with the 3.0% forecast. A reading above forecast is generally bullish for the USD, and below forecast bearish.
New to this release? See what US GDP Growth Rate measures, the next release and its full history.