The Italian statistical office Istat released its final gross domestic product (GDP) data for Italy on Tuesday. The Italian final GDP increased 0.3% in the first quarter, in line with the preliminary reading, after a 0.2% rise in the fourth quarter.

Final consumption expenditure climbed by 0.2% in the first quarter, gross fixed capital formation rose by 0.2%, imports decreased by 0.9%, while exports were down 1.5%.

On a yearly basis, Italian final GDP rose 1.0% in the first quarter, in line with the preliminary reading, after a 1.1% increase in the fourth quarter.