Construction in Greece showing signs of recovery

Construction in Greece showed signs of recovery in October as Hellenic Statistical Authority (ELSTAT) data published on Friday revealed an 8.7 percent rebound in the volume of private building activity in the country, although that was not enough to affect the major decline posted in the first 10 months of 2013, which amounted to 29.4 percent compared with the same period in 2012.

Year-on-year, the month of October also saw a 4.1 percent increase in the number of building permits issued and a 3.6 percent rise in the total surface area built.

In the January-October period of 2013, however, the number of building permits issued declined by 31.2 percent from the same period in 2012, while the total surface area contracted by 31.5 percent, the ELSTAT figures revealed.