Greece's economy contracted in the first quarter at a slightly faster pace than previously estimated, provisional estimates by the Greek statistics service ELSTAT show.
The Greek economy was weighed down by weaker consumer spending and net exports in the three months from January to March.
The 0.5% decline in gross domestic product in the first quarter of 2016 compared to the last quarter of 2015 was steeper than a 0.4% flash estimate issued earlier in May, based on seasonally adjusted data.
Today's data also showed Greece's €176 billion economy shrank by 1.4% on an annual basis in the first quarter - a faster pace than a previous 1.3% estimate.
The EU Commission projects Greece's economy will contract by 0.3% this year and rebound by 2.7% in 2017. Last year it shrank by 0.2%.
On a quarterly basis, consumption declined 0.5% in the first quarter with gross capital formation rising 7.5%. Imports fell 0.3%, while exports decreased by 3.3%, the data showed.
Economists said gross capital formation recorded positive quarterly growth, driven by a gradual rebuilding of inventories. But all other GDP components contributed negatively to first quarter economic output.
