U.S. Economic Growth Slows to 1.5% in Second Quarter

Why it matters locally: While a national figure, slower economic growth can indirectly affect Illinois's diverse industries and employment rates, as consumer spending trends nationally often mirror or influence local economic activity.

---

WASHINGTON – The U.S. economy grew at an annual rate of 1.5% during the second quarter, from April through June. This rate aligned with previous government estimates. Analysts observed that consumer spending maintained its strength throughout the quarter. Individuals continued to purchase goods and services, contributing to the economic activity recorded for the period.