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Hellenic Statistical Authority Reports Decline in Building Activity

Building activity dropped 29.1% in volume in July this year, with a 24.8% decline in the January-July period, substantially contributing to an economic recession in the country, the Hellenic Statistical Authority stated on Monday.
The statistics agency reported a total of 5,156 building permits issued in July, down 20.1% compared with July 2009. Only two out of the 13 regions of the country reported an increase in building volume; Thessaly 9.6% Central Macedonia 4.0%, Attica 48 pct%, Western Macedonia 47.9 pct% and the Ionian islands 41.6 pct% recorded the biggest percentage declines.
In the seven month period between January and July, building volume was down 24.8% and permits were down 10.6%. All 13 regions recorded declines.
(source: ana-mpa)

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