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Government tones down fiscal pledges as tighter framework starts to bite -
Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection -
Import price drop slows further to 2.8 pct in Feb -
Car sales contract in March, up 4 pct YoY in Q1 -
Industrial Production growth slows to 1.6 pct YoY in Feb as electricity supply drops -
CPI accelerates again in March, rising by 3.2 pct YoY and 1.5 pct MoM
Greece’s building activity remained in deep red for August
Greek building activity (measured by the number of building permits) dropped by 10.5 percent in August with the respective surface figure easing 21.1 percent, while volume retreated 31.0 percent, according to the Hellenic Statistical Authority (ELSTAT).
Moving to the aggregate figures, which strip out the apparent monthly volatility, it is clear that building activity remains in the deep red by any measure. In particular, the twelve-month trailing average indicates that building permits, surface and vo...
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