Malta's industrial output increased by 1.9 percent from a year earlier in November 2018, following an upwardly revised 1.1 percent growth in the previous month, driven by production of capital goods (6.4 percent vs 2.3 percent), non-durable consumer goods (2.9 percent, the same as in October) and durable consumer goods (0.7 percent vs -6.5 percent). By contrast, intermediate goods production fell 2.1 percent (vs 1.7 percent in October) and energy output declined 0.9 percent (vs -1.2 percent in October). On a seasonally adjusted monthly basis, industrial production jumped 2.5 percent, after an increase of 1 percent in October. Industrial Production in Malta averaged 0.36 percent from 2006 until 2018, 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 0.90 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.