The U.S. economy grew at a 2.2 percent annual rate in the first quarter of the year, according to the Bureau of Economic Analysis.
That's down from the 3 percent pace in fourth-quarter 2011, but is still better than the 1.7 percent growth for all of last year.
The first-quarter figure will be revised twice, in each of the next two months.
We'll have more about the report shortly.
Update at 8:47 a.m. ET. Behind The Numbers: