Downturn also hitting construction

The construction sector, an industry that has been one of the Greek economy’s key growth drivers in recent years, is continuing to feel the weight of the economic downturn. Data released yesterday by the National Statistical Service showed that construction activity, based on the number of cubic meters built, fell 25.9 percent year-on-year in December to 4,410 cubic meters. The slowdown in building activity has also weighed heavily on the job market as the construction sector employs some 400,000 workers. For 2009 as a whole, there was a 22.6 percent drop in construction to 48,860 cubic meters, according to the data provided by the National Statistical Service.

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