The U.S. economic news on August 5, 2024 mainly focuses on the following aspects:

1. **GDP Growth**: According to the latest data, the real gross domestic product (GDP) growth rate of the United States in the second quarter was 2.8%, which was an increase from 1.4% in the first quarter. This growth was driven primarily by increases in consumer spending, inventory investment, and business investment [[❞]](https://www.bea.gov/data/gdp/gross-domestic-product).

2. **Personal Income and Expenditures**: In June 2024, U.S. personal income increased by 0.2%, while personal consumption expenditures also increased by 0.3%. This suggests increased consumer confidence in the economy, although inflationary pressures remain [[❞]](https://www.bea.gov/data/gdp/gross-domestic-product).

3. **Balance of Payments**: The U.S. current account deficit expanded to $237.6 billion in the first quarter, accounting for 3.4% of GDP. This is primarily due to increased imports and decreased exports [[❞]](https://www.bea.gov/data/gdp/gross-domestic-product).

These data reflect that the U.S. economy has maintained relatively stable growth in the first half of 2024, but still faces inflation and international trade challenges.