Building activity down 36.7 pct in June

Building activity (measured on volume) fell 36.7 pct in June this year, for a 44.6 pct drop in the January-June period, Hellenic Statistical Authority said on Monday. The statistics service, in a monthly report, said that building activity in the private sector totalled 3,343 building permits, down 27.7 pct from 2010. Activity in the first half of the year was down 35.7 pct in permits and 44.6 pct in volume.

A shrinking building activity worsens further unemployment trends in the country, while a large decline in building permits in June paints a bleak picture for future trends in the sector.

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