Building activity nosedived for the fourth straight year, down 27.6 pct in 2013

EconomyMacroeconomy Tags: Construction, ELSTAT
Photo by Harry van Versendaal
Photo by Harry van Versendaal

Following a temporary jump by 36.2 percent in November, Greek building activity (as measured by the number of building permits) resumed a negative trend in December diving by 29.6 percent according to the Hellenic Statistical Authority (ELSTAT).

The monthly drop in the respective surface and volume numbers is more pronounced showing a nosedive by 44.7 and 45.8 percent respectively.

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