Industry in Malta

Malta Industry | Economic News & Forecasts

Malta - Industry

Available indicators suggest momentum carried over into the third quarter, following an acceleration in growth in the second quarter fueled by upbeat consumer spending. Private consumption likely remained in the driver’s seat in Q3, thanks to surging tourist arrivals and further tightening of the labor market. On a less positive note, the fiscal surplus in the January–September period shrunk notably in annual terms, due to a sizable increase in spending. Moreover, in early November the European Commission ramped up a disciplinary procedure against the country and the European Central Bank withdrew the banking license of Pilatus Bank, over allegations of money laundering and fraud charges.

Malta - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-4.7  -5.7  6.0  -4.4  3.9  

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Malta Facts

Bond Yield1.493.09 %Nov 29
Exchange Rate1.140.65 %Nov 29
Stock Market4,4880.36 %Nov 29

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