WASHINGTON — Real gross domestic product increased at an annual rate of 2.2% in the first quarter of 2012, according to the advance estimate released by the Commerce Department Friday.

The advance estimate of first-quarter real GDP, compiled from partially complete source data and subject to further revision, fell short of the 2.5% median increase projected by economists polled by Thomson Reuters.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.