ECONOMY

Hellenic Statistical Authority…

Construction activity in 2010 continued to slow in Greece, data published yesterday by the Hellenic Statistical Authority showed. The figures point to a 20.9 percent drop in the volume of new buildings and a 17.3 percent reduction in surface area in October 2010 compared with the same month in 2009. There was also a 6.2 percent decline in the number of new building permits. Activity in 2010 is likely to be the lowest in the last decade, attributed to the great drop in demand.