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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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