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 0.1% in the fourth quarter of 2012, according to the preliminary estimate released by the Commerce Department Thursday.

The GDP growth was short of the 0.5% increase projected by economists polled by Thomson Reuters, but represented an improvement over the 0.1% decline reported in January's advance estimate. GDP grew 3.1% in the third quarter.

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.