Consumer spending showed resilience, increasing at a healthy rate. This uptick occurred despite the nation's output of goods and services growing at a slower pace. The growth rate from April to June was lower than the preceding period, which had a higher pace.

A key factor contributing to the slower growth was a surge in imports, particularly computer chips. These imports are subtracted from the total growth because they represent foreign production. Further information on the economy's performance is available from the Commerce Department's report, which provides more details on the nation's economic activity.