Industrial production in Malta fell 1.5 percent year-on-year in February 2019, following a downwardly revised 0.9 percent gain in the previous month. It was the biggest decline in industrial output in five months, as production dropped for energy (-6.6 percent compared to 39.1 percent in January) and decreased further for intermediate goods (-3.4 percent compared to -2.6 percent). On the other hand, production of consumer goods declined less (-0.8 percent compared to -9.5 percent), driven by both durable (-0.9 percent compared to -6.9 percent) and non-durable goods (-0.8 percent compared to -9.7 percent). Also, production of capital goods rebounded (3.0 percent compared to -0.1 percent). On a seasonally adjusted monthly basis, industrial output went down 1.7 percent, after a downwardly revised 0.6 percent rise in the prior month. Industrial Production in Malta averaged 0.56 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.