Italy Economy Grew More in 2010 Than First Reported, Istat Says

Oct. 19 (Bloomberg) -- Italy’s economy expanded more last year than previously reported, national statistics institute Istat said today.

Gross domestic product grew 1.5 percent in 2010 instead of the 1.3 percent previously reported, Rome-based Istat said after revising GDP figures in line with new methods by Eurostat, the European Union’s statistics office.

Italy’s economy shrank 5.1 percent in 2009 and 1.2 percent in 2008, compared with previously reported contractions of 5.2 percent and 1.3 percent, respectively, Istat said.

--Editors: Jeffrey Donovan, Andrew Davis

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net