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STATISTICS MALTA

Malta: industrial output -5,2%

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1In February 2024, industrial output decreased by 5.2 per cent when compared to February 2023

The monthly Index of Industrial Production (IIP) is a business cycle indicator. It provides an early measure of change in the volume of industrial output produced by domestic businesses in the manufacturing, energy, and quarrying sectors in Malta.

Total industrial output – annual comparison 

In February 2024, the index of industrial production decreased by 5.2 per cent when compared to the corresponding month in 2023. When excluding energy, the index dropped by 5.3 per cent.

Manufacturing output – annual comparison

In February 2024, manufacturing output decreased by 5.4 per cent. The largest downward change was registered in the production of wood, paper products and printing (21.8 per cent), followed by the production of other manufacturing products (9.1 per cent) and the production of computer, electronic and optical products and motor vehicles (8.8 per cent). On the other hand, the production of chemical and pharmaceutical products and the production of food products and beverages increased by 14.9 per cent and 7.0 per cent, respectively.

Industrial output – annual comparison by main industrial grouping

The Main Industrial Groupings (MIGs) provide an alternative statistical breakdown of economic activities classified according to end-use categories. They combine several NACE divisions, groups and classes together.

In February 2024, the production of consumer goods and energy decreased by 10.4 per cent and 7.0 per cent, respectively. Conversely, there was an 11.4 per cent increase in the production of intermediate goods and a 6.2 per cent increase in capital goods.

Seasonally adjusted industrial production – monthly comparison

A clearer picture of the economic developments can be obtained when indices are adjusted for seasonal effects. These recurring effects are removed from the index series to enable month-to month comparisons.

 

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The seasonally adjusted index of industrial production for February 2024 increased by 2.1 per cent when compared to January 2024 and stood at 105.6 index points (2021=100).

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