WASHINGTON — Real gross domestic product — the output of goods and services produced by labor and property located in the U.S. — increased at an annual rate of 1.3% in the second quarter of 2012, according to the third and final estimate released by the Commerce Department Thursday.

The GDP growth was short of the 1.7% growth reported during the preliminary estimate last month, which was the increase projected by economists polled by Thomson Reuters. Growth decelerated from the first quarter of the year, which saw a 2% increase over the final quarter of 2011.

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