Greek building activity drop decelerates to 16 pct in March

EconomyMacroeconomy Tags: Construction, ELSTAT

Building permits in Greece continued heading south, although at a decelerating pace, falling by 16 percent in March from 20.7 percent in February, according to the Hellenic Statistical Authority (ELSTAT).

The respective drop in May surface was much softer at -8.2 percent, while volume posted a slight increase by 0.8 percent.

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