Turnover in tourism sector drops at an accelerating pace of 11.7 pct in Q1

EconomyMacroeconomy Tags: Tourism
Photo by MacroPolis
Photo by MacroPolis

The Turnover Index in Accommodation and Food Services fell for the second straight quarter by 11.7 percent in Q1 of 2016 after an upward revised 9.1 percent drop in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.

The Q1 headline figure is the lowest reading since Q1 2013 and second successive negative reading.

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