By Xavier Fontdegloria

The Italian economy's contraction in the fourth quarter of last year was slightly less pronounced than previously estimated, data from the country's statistics agency Istat showed Wednesday.

For the October-December period, gross domestic product fell 1.9% over the previous quarter, whereas the preliminary estimate released on Feb. 2 had reported a 2.0% drop.

In year-on-year terms, GDP shrank 6.6% in the quarter, unchanged from the preliminary estimate.

Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com

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(END) Dow Jones Newswires

March 03, 2021 06:43 ET (11:43 GMT)