Industry in Malta

Malta Industry | Economic News & Forecasts

Malta - Industry

After GDP growth cooled in Q4 2021 due to a weaker external sector, available data paints a mixed picture for Q1. A tighter labor market likely supported private consumption. Higher average economic sentiment in Q1 is expected to have buoyed private business activity. Inbound tourist numbers rose sharply in January and February in year-on-year terms. That said, the rate of tourist numbers growth in Q1 slowed from Q4’s blistering pace. Consumer confidence weakened sequentially and inflation accelerated, likely hitting private consumption. Meanwhile, industrial production remained subdued in January-February. Turning to Q2, a further loosening of restrictions from late March bodes well for activity. In politics, the Labor party won a third term in the general elections, signaling policy continuity. Reining in the EU’s highest fiscal deficit may require fiscal restraint.

Malta - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-0.2  -6.9  8.3  1.6  1.7  

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Malta Facts

Value Change Date
Bond Yield0.433.09 %Dec 30
Exchange Rate1.120.65 %Dec 31

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