Greece's building activity continues its nosedive in July

EconomyMacroeconomy Tags: Construction, ELSTAT

Greek building activity (measured by the number of building permits) dropped 24.0 percent in July with the respective surface figure easing 8.6 percent, while volume remained flat year on year, 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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