Consumption in Malta
Malta - ConsumptionGDP rebounded robustly in the second quarter, jumping 13.4% in annual terms and contrasting Q1’s 1.3% decline. The expansion was spearheaded by strong increases in both investment activity and household spending, which benefited from the easing of restrictions and recovering confidence among firms and consumers. Moreover, the external sector contributed positively to growth amid a more favorable international backdrop. The recovery should have carried over into Q3, albeit at a softer pace: Consumer confidence remained comfortably in optimistic territory in July-August, while economic sentiment dipped but remained robust, which hints at still-healthy dynamics. Meanwhile, in early August Moody’s affirmed the country’s A2 credit rating but changed its outlook from stable to negative, citing rising public debt levels and risks of a slow recovery in the tourism sector.
Malta - Consumption Data
|Consumption (annual variation in %)||5.0||2.6||3.3||7.8||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Malta Consumption Chart
Source: Eurostat and FocusEconomics calculations
|Bond Yield||0.43||3.09 %||Dec 30|
|Exchange Rate||1.12||0.65 %||Dec 31|
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