The Hellenic Statistical Authority released its revised gross domestic product (GDP) data for Greece on Monday. The Greek GDP decreased 0.5% in the first quarter, down from the preliminary reading of a 0.4% fall, after a 0.1% rise in the fourth quarter.

On a yearly basis, the Greek revised GDP fall at a seasonally-and-calendar adjusted 1.4% rate in the first quarter, down from the preliminary reading of a 1.3% drop, after a 0.8% decline in the fourth quarter.

Total consumption expenditure dropped 0.5% year-on-year in the first quarter.

Exports slid 3.3% year-on-year in the first quarter, while imports declined 0.3%.