The U.S. Commerce Department reported real GDP increased at an annual rate of 2.7%, according to a third estimate announced today. That's down from the second estimate of 3.0% released in May, which was lower than an advance estimate of 3.2% released in April.

The Wall Street Journal reported that economists had not expected a revision from the second estimate.

Real GDP had grown 5.6% in the fourth quarter of 2009. It had contracted 6.4% in the first quarter of 2009.