Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals

EconomyMacroeconomy Tags: BoG, Tourism
Photo by MacroPolis
Photo by MacroPolis

Greece's travel receipts headed south for the second straight month dropping at an accelerating pace of 10.4 percent in May from 7 percent in April, Greece (BoG) figures showed on Friday.

The absolute figure landed at 1.1 billion in May, while the corresponding payments fell by 5.5 percent to 179.6 million leading the travel surplus down by 11.3 percent to 915.9 million.

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