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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
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Energy continues to drive import prices as May sees 13.3% YoY rise
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New passenger cars push June sales to highest since 2010
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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
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Pension policy U-turn highlights government’s election concerns
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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