Italy's economy grows 0.3% in Q1, firmer than expected

ROME, April 30 (Reuters) - Italy's economy grew by 0.3% in the first quarter from the previous three months, preliminary data showed on Tuesday, a stronger result than expected.

On a year-on-year basis, first quarter gross domestic product (GDP) in the euro zone's third largest economy was up 0.6%, national statistics bureau ISTAT said.

A Reuters survey of 28 analysts had forecast a 0.1% quarterly increase and a 0.3% rise compared with the year earlier.

ISTAT gave the following details on Italian GDP in the last three quarters:

Q1 2024 Q4 2023 Q3 2023 Q/Q (pct change) 0.3 0.1r 0.4r Y/Y (pct change) 0.6 0.7r 0.6r

r=revised