Industrial production in Malta decreased 1.8 percent year-on-year in April of 2019, following a downwardly revised 3.0 percent drop in the previous month. It was the fifth consecutive decrease in industrial activity, as consumer goods output continued to fall (-13.4 percent vs -11.4 percent in March), dragged down by both durable (-5.8 percent vs 6.7 percent) and non- durable consumer goods (-13.9 percent vs -12.5 percent). Meantime, production rebounded for intermediate goods (1.0 percent vs -1.7 percent) and capital goods (0.1 percent vs -0.3 percent) while energy output rose faster (29.6 percent vs 17.7 percent). On a seasonally adjusted monthly basis, industrial output went down 0.6 percent, following a 2.5 percent drop in March. Industrial Production in Malta averaged 0.51 percent from 2006 until 2019, reaching an all time high of 16.50 percent in June of 2007 and a record low of -20.50 percent in September of 2009.
Industrial Production in Malta is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Malta to stand at 1.80 in 12 months time. In the long-term, the Malta Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.