Bureau of Economic Analysis – 1st quarter 2012 estimate

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.2 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2011, real GDP increased 3.0 percent.

The full text of the BEA release can be found here

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