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 1.9% in the first quarter of 2012, according to the final estimate released by the Commerce Department Thursday.

That figure was unchanged from the increase reported in the preliminary estimate the previous month. The 1.9% final estimate of GDP growth is less than the 3.0% growth in the final quarter of 2011.

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.