Italy final Q2 GDP confirmed at -0.8 pct q/q, -2.6 pct y/y

Oct 9,(Reuters) - Italy's economy contracted by 0.8 percent in the second quarter from the first, and gross domestic product was down 2.6 percent year-on-year, national statistics institute ISTAT said on Tuesday, confirming its previous estimate.

Tuesday marked the third time that ISTAT issued data for the second quarter. The latest release was to take account of a re-calculation of full year GDP data for 2009-2011 which was published on Oct. 4.

That re-calculation did not result in any revisions and Tuesday's data also confirmed the definitive second quarter data issued on Sept. 10.

However, ISTAT did marginally revise up GDP for the first quarter to show a 1.4 percent annual drop compared with a previously reported -1.5 percent. The quarterly data in the first quarter was confirmed at -0.8 percent.

So-called "acquired growth" for 2012 was revised up to -2.0 percent from -2.1 percent. This means that if GDP is flat quarter-on-quarter in the final two quarters of the year, full-year 2012 GDP will be down 2.0 percent from 2011.

(reporting by Gavin Jones, Rome Newsroom + 39 06 85 22 4350, rome.newsroom@news.reuters.com))

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