BEGIN:VCALENDAR VERSION:2.0 PRODID:-//financecalendar.com - ECPv6.15.20//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:financecalendar.com X-ORIGINAL-URL:https://www.financecalendar.com X-WR-CALDESC:Events for financecalendar.com REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:UTC BEGIN:STANDARD TZOFFSETFROM:+0000 TZOFFSETTO:+0000 TZNAME:UTC DTSTART:20250101T000000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=UTC:20260826T000000 DTEND;TZID=UTC:20260826T235959 DTSTAMP:20260727T155457 CREATED:20260605T162409Z LAST-MODIFIED:20260605T162409Z UID:1299-1787702400-1787788799@www.financecalendar.com SUMMARY:US Gross Domestic Product August 2026 DESCRIPTION:Home\n ›\n Events\n ›\n Economic Indicators\n ›\n US Gross Domestic Product August 2026\n \n \n\n \n \n \n\n \n \n\n \n \n \n \n \n \n \n \n \n Economic Indicators \n \n \n Low Impact\n \n \n US Gross Domestic Product August 2026\n The US Bureau of Economic Analysis (BEA) will release the second estimate of Gross Domestic Product (GDP) for the second quarter of 2026 on Wednesday\, August 26\, 2026\, at 8:30 a.m. Eastern Time. This revised estimate will incorporate more complete source data than the advance estimate released on July 30\, and is expected to show whether the initial Q2 2026 reading holds up or requires significant adjustment. \n \n \n \n Wednesday\, August 26\, 2026 \n \n \n \n 5 min read\n \n \n \n \n Finance Calendar Editorial\n \n \n \n\n \n \n At a Glance\n \n \n Event\n US Gross Domestic Product August 2026\n \n \n Date\n August 26\, 2026\n \n \n Category\n Economic Indicators\n \n \n Impact\n Low\n \n \n \n\n \n \n \n\n At a Glance \n\nRelease date: Wednesday\, August 26\, 2026\, at 8:30 a.m. ET\nPublishing body: US Bureau of Economic Analysis (BEA)\nCoverage: Q2 2026 (April\, May\, June 2026) — second estimate\nPrevious estimate: Q2 2026 advance estimate (July 30\, 2026)\nMost recent prior quarter: Q1 2026 at 1.6% (second estimate)\nMarket impact: High\n\n\nWhat is GDP and Why Does It Matter?\nGross Domestic Product (GDP) is the broadest measure of economic output\, capturing the total value of all goods and services produced within the United States during a given quarter. The BEA publishes GDP in three sequential estimates: the advance (approximately 30 days after the quarter ends)\, the second (60 days after)\, and the third (90 days after). Each successive estimate incorporates more complete source data and is typically closer to the final figure. \nUS GDP is expressed as a seasonally adjusted annualised rate (SAAR)\, meaning the quarterly growth rate is extrapolated to represent a full year’s pace. A reading of 2.0% means that if the economy maintained that quarter’s pace for a full year\, output would grow by 2.0%. This convention differs from most other countries\, which report non-annualised quarter-on-quarter growth rates. \nFor financial markets\, GDP data informs Federal Reserve policy\, corporate earnings projections\, and the risk appetite of investors. Strong growth supports the case for holding or raising rates; weak growth increases pressure on the Fed to cut. \nQ2 2026 GDP Second Estimate: August 26\, 2026\nThe August 26 release will revise the Q2 2026 advance estimate that was published on July 30. The second estimate incorporates more complete data on inventories\, business investment\, trade\, and government spending\, which often leads to revisions relative to the advance figure. In Q4 2025\, for example\, the advance estimate of 1.4% was revised to 0.7% in the second estimate\, highlighting the potential for significant changes between releases. \nBy August 26\, markets will have had four weeks to process the advance estimate and will have formed a view on the likely direction of the revision. The advance estimate was accompanied by the PCE deflator for Q2\, which will also be revised in the August release. Any change to the PCE deflator has implications for inflation expectations and Federal Reserve policy ahead of the September 16 FOMC meeting. \nWhy This GDP Release Matters\nThe second estimate lands three weeks before the September 16 FOMC meeting\, giving policymakers time to incorporate the revised growth figure into their assessment. If the advance estimate showed a significant acceleration or deceleration in Q2 growth\, the second estimate will either confirm or partially reverse that signal. \nAugust 26 is also the day of the Jackson Hole Economic Symposium in Wyoming\, which historically serves as a key venue for Federal Reserve communication. The Jackson Hole symposium and the GDP revision on the same day create an unusually data-dense environment for markets. The Fed Chair’s speech at Jackson Hole could provide guidance that overrides the market reaction to the GDP revision in terms of policy implications. \nCorporate profits data is included with the second GDP estimate\, providing a BEA-level confirmation of the earnings environment that companies reported during Q2 earnings season. Any meaningful divergence between GDP-level corporate profits and S&P 500 reported earnings would attract attention from economists and analysts. \nWhat to Watch For\n\nUpward revision: A revision above the advance estimate would confirm stronger Q2 growth\, supporting risk assets and corporate earnings\, while potentially adding to inflation concerns if accompanied by a higher PCE deflator. The FOMC’s September decision would become less likely to include a cut.\nBroadly unchanged: A second estimate close to the advance figure would confirm the initial reading and reduce volatility around the GDP release itself\, leaving markets to focus on the Jackson Hole commentary for the key policy signal of the day.\nDownward revision: A downward revision of more than 0.5 percentage point would raise questions about the quality of Q2 growth and could increase expectations of a September rate cut. Bonds would rally; the growth-versus-inflation tension would sharpen. A revision below 1.5% annualised would likely be viewed as material weakness.\n\nThe composition of the revision matters as much as the direction. A revision driven by inventories (volatile and less indicative of underlying demand) carries less weight than one driven by changes to consumer spending or business investment. \nHistorical GDP Growth\n\n\n\nQuarter\nGDP Growth (SAAR)\nEstimate Type\n\n\n\n\nQ1 2026\n1.6%\nSecond estimate\n\n\nQ4 2025\n0.5%\nThird estimate\n\n\nQ3 2025\n4.4%\nUpdated estimate\n\n\nQ2 2025\n3.8%\n—\n\n\nFull year 2025\n2.2%\nAnnual\n\n\n\nSource: US Bureau of Economic Analysis. Q4 2025 was depressed by the US government shutdown\, estimated to have subtracted approximately 1.0 percentage point from growth. SAAR = seasonally adjusted annual rate. \nMarket Positioning\nAugust 26 will be dominated by the dual release of the GDP second estimate and the Jackson Hole symposium. Fed Chair communication from Jackson Hole typically carries more long-term policy significance than a GDP revision\, but a surprise in the GDP figure could complicate or amplify the market’s interpretation of the Fed Chair’s remarks. \nBond markets and the US dollar are particularly sensitive on days that combine data releases with Fed commentary. Traders often see elevated volatility across multiple asset classes. The PCE deflator revision embedded in the GDP release will be particularly scrutinised given that it is the Fed’s preferred inflation measure and will feed directly into the September FOMC decision. \nRelated Events\n\nUS CPI Report August 2026 – The July 2026 inflation reading on August 12\, providing the most recent inflation context ahead of the August 26 GDP release.\nFOMC Rate Decision September 2026 – The Fed’s next policy decision on September 16\, for which the Q2 GDP second estimate is a key input alongside the September 4 NFP and September 11 CPI.\nUS Employment Situation (NFP) August 2026 – The July 2026 labour market report on August 7\, completing the macro picture alongside the GDP revision.\n\nFrequently Asked Questions\nHow does the second GDP estimate differ from the advance estimate?\nThe second estimate incorporates more complete source data than the advance estimate\, including updated figures on inventories\, trade in services\, and construction spending. The revision can be modest or substantial: the Q4 2025 advance estimate was 1.4% but the second estimate revised this to 0.7%. The second estimate also includes the first release of corporate profits data alongside GDP\, which is not available in the advance estimate. \nWhen is the Q2 2026 GDP second estimate released?\nThe Q2 2026 GDP second estimate will be released on Wednesday\, August 26\, 2026\, at 8:30 a.m. Eastern Time by the Bureau of Economic Analysis. \nWhat is the Jackson Hole Economic Symposium and why does it overlap with this GDP release?\nThe Jackson Hole Economic Symposium is an annual gathering of central bank governors\, academics\, and finance ministers hosted by the Federal Reserve Bank of Kansas City in Jackson Hole\, Wyoming. The Fed Chair’s speech at Jackson Hole is closely watched as a signal of upcoming monetary policy shifts. The overlap of the GDP second estimate on August 26 with the symposium (typically running from late August) creates an unusually data-rich environment. In past years\, Jackson Hole has been used to signal major policy shifts\, including the 2022 “pain” speech that preceded aggressive rate hikes. \nFeatured image: Photo by Markus Spiske on Unsplash. \n \n\n \n \n Related events\n \n \n \n Medium\n Alphabet Q2 2026 Earnings: What to Expect on 28 July 2026\n Jul 28\n \n \n \n \n Medium\n Microsoft Q4 FY2026 Earnings: What to Expect on 28 July 2026\n Jul 28\n \n \n \n \n Medium\n META Earnings July 2026\n Jul 29\n \n \n \n \n \n \n\n \n \n\n \n \n Upcoming Events\n \n \n \n \n 28 Jul\n Microsoft Q4 FY2026 Earnings: What to Expect on 28 July 2026\n \n \n \n \n \n 28 Jul\n Alphabet Q2 2026 Earnings: What to Expect on 28 July 2026\n \n \n \n \n \n 29 Jul\n META Earnings July 2026\n \n \n \n \n \n 29 Jul\n FOMC Rate Decision July 2026\n \n \n \n \n \n 30 Jul\n Amazon Q2 2026 Earnings: What to Expect on 30 July 2026\n \n \n \n \n \n 30 Jul\n Apple Q3 FY2026 Earnings: What to Expect on 30 July 2026\n \n \n \n \n \n \n \n Add to Calendar\n \n Get a reminder before this release lands. \n \n \n \n Google Calendar\n \n \n \n Apple / Outlook (.ics)\n \n \n \n \n \n \n \n Event Series\n \n Economic Indicators\n All upcoming economic indicators events with previews and analysis. \n View all events →\n GDP release schedule → URL:https://www.financecalendar.com/event/us-gross-domestic-product-august-2026/ CATEGORIES:Economic Indicators ATTACH;FMTTYPE=image/jpeg:https://www.financecalendar.com/wp-content/uploads/2026/06/unsplash-XrIfY_4cK1w-1.jpg END:VEVENT END:VCALENDAR