Industrial production in Malta fell by 4.9 percent year-on-year in May of 2019, following a 1.8 percent drop in the previous month. It was the biggest decline in industrial activity since September of 2018, as output dropped for intermediate goods (-2.0 percent vs -0.9 percent in April) and capital goods (-1.4 percent vs 0.6 percent) while energy production slowed sharply (2.2 percent vs 29.5 percent). Meanwhile, consumer goods output fell at a softer pace (-10.9 percent vs -12.4 percent), particularly durable (-4.0 percent vs -6.3 percent) and non-durable consumer goods (-11.3 percent vs -12.8 percent). On a monthly basis, industrial output increased by 1.3 percent, rebounding from a 0.6 percent drop in April. Industrial Production in Malta averaged 0.48 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 1.50 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.