Tourism Industry in Greece Sees Growth in Turnover
According to recent data from the Hellenic Statistical Authority, businesses in the tourism accommodation and food services sectors in Greece experienced a significant increase in turnover in May. This growth is a positive sign for the industry, indicating a strong recovery after the challenges of the past year.
Accommodation Sector Shows Promising Growth
Businesses in the accommodation sector saw a 15.8% increase in turnover, reaching €806.9 million in May. This marks a significant improvement from the previous year, when turnover was at €697 million. The increase in turnover can be attributed to the resurgence of tourism in Greece, with more visitors choosing to stay in accommodations.
Food Service Sector Sees Steady Growth
Similarly, businesses in the food service sector experienced an 11.8% increase in turnover, reaching €247.13 million in May. This growth is a positive sign for the sector, indicating a steady recovery as more people dine out and enjoy Greek cuisine.
Overall Increase in Turnover for Tourism Industry
When looking at the cumulative turnover for businesses in the accommodation and food service sectors, May saw a total turnover of €1 billion, marking a 14.8% increase from the previous year. This growth is a promising sign for the tourism industry in Greece, showing a strong recovery and potential for further expansion in the coming months.
Industrial Turnover on the Rise in Greece
In May 2024, the Iraklio Regional Unit in Greece saw a significant increase in industrial turnover, reaching 24.5%, while Achaia Regional Unit recorded the smallest increase at 3.8%. Attica experienced a 12.3% increase, with turnover totaling €398.75 million.
Positive Trend in Industrial Production
Industrial production in Greece showed a positive trend in May, with a 4.6% increase in the general turnover index compared to May 2023. This was a significant improvement from the 12.5% decrease observed in the same period the previous year. The general industry turnover index for May also saw a 5.7% decrease compared to April.
Year-on-Year Comparison
Looking at the average general index over the 12 months from June 2023 to May 2024, there was a 2.9% decline compared to the previous year. This was in contrast to the 16.8% increase seen in the previous year, indicating a more stable trend in industrial turnover.
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