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U.S. Q2 growth slows to 1.5%; Apple posts $109.4B Q3 revenue
Confirmed
What we know
U.S. economic growth slowed to a 1.5% annualized rate in the second quarter, below expectations, according to July 31 briefings. Separately, Apple reported fiscal Q3 revenue of about $109.4 billion.
The prints landed against a backdrop of Strait of Hormuz disruption and elevated energy prices that central banks—including the Bank of England, which held at 3.75%—continued to cite as inflation risks.
What's confirmed
- U.S. Q2 GDP ~1.5% below expectations (AA July 31 briefing).
- Apple Q3 revenue $109.4B (AA July 31 briefing).
- Bank of England hold at 3.75% noted same briefing cycle (AA).
What's still developing
- How long energy-war effects keep weighing on growth and inflation forecasts.
Sources
- Anadolu Agency — Morning Briefing July 31: GDP, Apple, BoE items link