The Hellenic Statistical Authority released its final gross domestic product (GDP) data for Greece on Friday. The Greek final GDP declined 0.2% in the first quarter, after a 0.4% drop in the fourth quarter. It was the second consecutive quarterly decline.
On a yearly basis, Greek final GDP rose 0.4% in the first quarter, after a 1.3% increase in the fourth quarter.
Consumer spending was up at an annual rate of 0.9%, investment jumped 23.1%.
Exports decreased at an annual rate of 0.9%, while imports climbed 10.6%.