Greece July construction activity falls: permits -8.7%, area -15%, volume -24.3%

Greek construction activity contracted sharply in July, with building permits down 8.7%, area down 15.0%, and volume down 24.3% year-on-year, per ELSTAT. The decline signals weakening investment momentum in the construction sector, which may weigh on near-term growth. The data is a single-month reading; trend confirmation is pending.

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