Recession digs deeper into construction sector

Problems in the construction sector, a key driver for the Greek economy, got worse in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.

Greek construction activity, measured by the number of new building permits, fell by 21.7 percent year-on-year in November to 3,757 versus a drop of 16.2 percent in October.

Data on November volume and surface of space being built showed respective drops of 30.6 percent ( -20.9 percent in October) and 33.2 percent (-17.3 percent in October), ELSTAT added.