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ISTAT revises up 1st-quarter GDP figure to 0.1%

Agency had reported negative growth of 0.2% in preliminary data

Redazione Ansa

(ANSA) - ROME, MAY 31 - ISTAT said Tuesday that Italy's GDP rose by 0.1% in the first quarter with respect to the previous three months and by 6.2% compared to the same period last year.
    The national statistics agency explained that it had revised up the figure after reporting negative growth of 0.2% in quarter-on-quarter terms in its preliminary estimate last month.
    ISTAT said consumer spending dropped by 0.6% compared to the final quarter of 2021 but increased by 5.2% in year-on-year terms.
    The carry-over annual GDP growth for 2022 is equal to +2.6%, it said. (ANSA).
   

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