Industrial production in Malta rose 1.3 percent year-on-year in July 2019, slowing from an upwardly revised 2.1 percent in the previous month. It was the smallest gain in industrial output in six months, as production of energy dropped 4.5 percent, after increasing 15.8 percent in June. Also, intermediate goods output went down 5.8 percent, following a 2.6 percent decline. On the other hand, production of consumer goods advanced 6.5 percent, rebounding from a 1.6 percent fall, mainly due to durable goods (-4 percent from -0.5 percent) while non-durable (7.3 percent from -1.7 percent). Additionally, capital goods output increased 5.3 percent, faster than a 4.6 percent rise in the prior month. On a monthly basis, industrial production fell 0.6 percent, after a 2.3 percent gain in June. Industrial Production in Malta averaged 0.52 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.