Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
Unemployment rate remains lodged near 11 pct after no change in Aug
Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
Consumer confidence takes 10-point dive in September
Building activity in Greece fell by nearly 40 pct in year to September
Greek building activity (as measured by the number of building permits) dropped by 14.4 percent in September with the respective surface figure easing 25.9 percent, while volume retreated 36.6 percent, according to the Hellenic Statistical Authority (ELSTAT).
Looking at aggregate figures, which strip out the apparent monthly volatility, it is clear that building activity still remains deep in the red. In particular, the twelve-month trailing average indicates that building permits, surface and volume have sl...
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