Italy's economic growth moderated slightly in the first quarter, while inflation accelerated to the highest level in more than two-and-a-half years amid higher energy costs, separate reports from the statistical office ISTAT showed on Thursday.
Gross domestic product advanced 0.2 percent sequentially, slower than the 0.3 percent increase in the fourth quarter, the flash data said.
The expenditure breakdown showed that there was a negative contribution from the domestic component before inventories, while there was a positive contribution from the net foreign component.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.