Building permits turn negative for first time in more than a year, falling by 10 pct in April

EconomyMacroeconomy Tags: Construction, ELSTAT
Image: MacroPolis
Image: MacroPolis

The growth in building permits stopped in April, dropping by 10 percent year-on-year (YoY), after it had slowed down in March, rising by 2.8 percent, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday.

This is the first contraction since February 2021, when it had dropped by 3.2 percent and a previous low of 22.4 percent in April 2020 when Greece was in its first and strictest lockdown.

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