Industrial production in Malta fell by 3.3 percent year-on-year in March of 2019, reversing from a revised 0.4 percent gain in the previous month. It was the biggest decline in industrial activity since September of 2018, as output dropped sharply for capital goods (-6.5 percent from 2 percent in February) and consumer goods (-8 percent from 4.6 percent), particularly non-durable consumer goods (-8.9 percent from 5.1 percent). On the other hand, production rebounded for energy (17.7 percent from -6.6 percent) and durable consumer goods (6.8 percent from -2.2 percent). On a monthly basis, industrial output decreased by 3.5 percent, after showing no growth in February. Industrial Production in Malta averaged 0.53 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.