The production approach

During the first quarter of 2021, Gross Value Added (GVA) fell by 0.5 per cent in nominal terms and 1.5 per cent in volume terms, when compared to same quarter of 2020.

The main drivers of this negative growth rate in volume terms were Service activities (NACE sections G

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Data provided by Jobsplus for April 2021 indicate a year-on-year decrease of 1,689 persons registering under Part I, and an additional drop of 42 persons registering under Part II of the unemployment register. Registered unemployment levels decreased across all age groups.

Those who had been

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Overview of the pandemic in 2020

The first case of COVID-19 was identified in Malta on 6 March 2020. By the end of March, the total number of new cases had reached 169, while by the end of the year, this number stood at 12,774. On 8 April 2020 the first person passed away while COVID-19 positive

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1. Main points 

● In April 2021, the annual rate of inflation as measured by the RPI was 0.87 per cent, up from the 0.40 per cent in March 2021.

● The 12-month moving average rate for April stood at 0.43 per cent .

● The largest upward impact on annual inflation was measured in the Recreation

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In the first quarter of 2021, total guests in collective accommodation establishments numbered 81,395, while total nights accounted for 304,583. The largest share of guest nights was reported in 3-star hotels and 4-star hotels, with 34.4 per cent and 29.5 per cent of the total respectively .

The

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Quarterly comparison

When compared to the fourth quarter of 2020, the seasonally adjusted services turnover index increased by 11.2 per cent. Increases in turnover were recorded in the accommodation and food service activities (23.4 per cent), transportation and storage (19.5 per cent), real

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