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Malta: Trade deficit slims down to €38M in November

The balance of imports and exports registered a deficit of €2.0 billion between January and November 2020, a decrease of €1.578 billion compared with the same period the year before.…

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Malta: Unemployment rate peaks in November

The rate of unemployment in November rose by 0.1 percentage points from the previous month, reaching 4.8 percent – the highest level recorded in 2020. Seasonally adjusted figures by the…

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Malta: Labour supply surpassed 235,000 by mid-2020

Labour supply stood at 235,309 in May 2020, up by 7.9 percent compared to the same month the previous year. Data by the National Statistics Office shows that registered full-time…

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Malta registers highest producer price increase in EU

Industrial producer prices in Malta rose by 1.8 percent year-on-year in November 2020, bucking the trend across the European Union. Figures by Eurostat shows that Hungary and Slovenia were the…

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Malta: Total employment at a stable 59 percent rate

The rate of employment among people aged 15 and over stood at 59.4 percent between July and September, up by 0.2 percent from the previous quarter. The rate was 59.3…

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Malta: Trade balance at its narrowest this year

Balance of trade registered a deficit of €84.2 million in October, narrowing the gap from the same month in 2019 when the trade deficit stood at €311.1 million. Provisional data…

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Malta: More domestic violence cases reported since 2016

The number of persons using domestic violence services increased by 26 percent between 2016 and 2018. Figures by the National Statistics Office show that there were a total 2,285 service…

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Malta: Almost 700 kilograms of waste per capita in 2019

Municipal waste generation per capita rose to around 680 kilograms in 2019, up from 650 kilograms a year earlier. Figures by the National Statistics Office show a total increase of…

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Malta: Sharpest drop in monthly inflation rate in the eurozone

Malta registered the lowest monthly inflation rate in the euro area, according to a new flash estimate by Eurostat. The rate of inflation from October to November dipped by an…

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Malta: Youth unemployment rate reaches 10% in October

The rate of unemployment in October stood at 3.9 percent, the same as that in the previous month. According to figures by the National Statistics Office, the rate decreased to…

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Malta: Services sector weighs GDP down in Q3

The Gross Domestic Product for the third quarter stood at €3.2 billion, a decrease of 8.8 percent from the same period last year. Provisional estimates by the National Statistics Office…

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Malta: Public spending jumps by €394M in H1 2020

The Government total expenditure rose to €2.7 billion in the first half of 2020, an increase of 16.9 percent compared with the same period last year. Figures by the National…

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Malta: Inflation rises from record low in September

The Retail Price Index in October registered the second-lowest annual inflation rate since January 2018, but it was an increase from the previous month. According to figures by the National…

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Malta: Hotel nights down by two-thirds from last year

Hotels saw a dip of 55.5 percent in guests in the third quarter this year compared with the same period in 2019. Figures by the National Statistics Office show a…

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Malta- Business, consumer confidence remain dim – CBM Report

Economic growth prospects remain dim according to the latest Sentiment Indicator surveyed by the European Commission and published by the Central Bank of Malta, possibly reflecting the rise in COVID-19…

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Malta: Social Benefits bill up by €63 million this year

Government expenditure on Social Security Benefits rose by 8.4 percent between January and September compared to the same period in 2019. Figures by the National Statistics Office show an increase…

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Malta: Seven cruise liner calls all summer

There were seven port of calls by cruise ships during the third quarter this year, down sharply from 122 in the same period last year. Figures by the National Statistics…

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Malta: Intermediate goods push annual Producer Price Index down

The annual variation in the producer prices of intermediate goods dropped by 3.06 percent in September, pulling the Producer Price Index down by 0.99 percent. Data by the National Statistics…

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Malta: Youth unemployment rate lowest in a year

The rate of unemployment among the 15-24 age group stood at 8.8 percent in September, the lowest in the twelve months under review by the National Statistics Office. Before the…

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Malta: Unemployment register sheds 600 people in September

Registered unemployment stood at 3,385 in September, down from 3,672 the month before. Figures by the National Statistics Office show a decrease in people registering for employment across all age…

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Malta: Women record highest increase in employment rate over 10 years

The employment rate in the 20 to 64 age group stood at 76.8 percent in 2019, higher than the national European 2020 target of 70.0 percent. The latest Labour Force…

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Malta: Retail trade registers second-biggest annual drop among EU27

Total retail trade volume in Malta fell by 7.5 percent in August, compared with the same month last year. Data by Eurostat shows that this was the one of the…

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Malta: Finance and insurance dominate FDI in 2019

Foreign Direct Investment flows in Malta stood at €3.275 billion in December 2019, down from €3.362 from December 2018. Figures by the National Statistics Office, however, show that the stock…

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Malta: A third of enterprises invest €175M in innovation

Enterprises employing 10 people or more invested a total €175 million in innovation activities in 2018, according to data published by the National Statistics Office. Just over 70 percent of…

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Malta: Unemployment rate goes up between April and June

The unemployment rate increased by 1.2 percent in the second quarter, compared with the same period last year. Figures by the National Statistics Office show that total employment, meanwhile, rose…

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Malta: Producer prices slip in August

The Industrial Producer Price Index in August fell by 1.00 percent, following an increase of 0.93 percent in July. Figures by the National Statistics Office indicate a drop across all…

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Malta: Most employees are never contacted after work

Around four in every ten workers in the EU say they have received work-related calls or messages in their leisure time. Eurostat findings from a 2019 survey show that 10…

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Malta: Income Tax revenues fall by a fifth this year

Government revenue for the first eight months dropped by more than 20 percent compared to the same period last year. Figures by the National Statistics Office show that between January…

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Malta: Joblessness slows down in August

Registered unemployment fell by 309 people from July to August but it more than doubled from August last year. Data by the National Statistics Office shows that the total number…

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Malta: Index of Consumer Prices holds steady in August

The annual rate of inflation stood a t 0.7 percent for the second consecutive month in August, as measured by the Harmonised Index of Consumer Prices. Figures by the National…

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Malta: Wage costs drop for the first time in a year

Hourly labour costs grew by 0.8 percent in the second quarter this year in relation to the same period in 2019. The increase was the smallest compared with the previous…

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Malta: Largest vacancy rate decrease in the EU

Malta registered the sharpest drop in job vacancy posts among the EU27 when comparing the second quarter this year with the same period in 2019. Data by Eurostat shows that…

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Malta: Industrial production climbs for second month in a row

Industrial production in Malta increased by 1.5 percent in July, compared to the previous month, registering the second consecutive rise. The average increase in the EU reached 4.1 percent, with…

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Malta: Agri industry reaps surplus in 2019

The agricultural industry registered an increase in net operating surplus of 1.1 percent in 2019, compared to the year before, reaching a total of €74.6 million. Data by the National…

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Malta: Fewer tourists but longer stays in July

The number of inbound visitors in July stood at 47,743, a decline of 84 percent compared to the same month in 2019. Figures by the National Statistics Office shows that…

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Malta: Trade deficit cut by two-fifths in July

Malta reported a trade deficit of €231 million in July 2020, narrowing the gap by 43 percent compared to the same month last year. Provisional data by the National Statistics…

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Malta: Industrial Production Index up for second month

The Index of Industrial Production rose by 1.3 percent in July from the month before, driven mainly by an increase in capital goods which soared by 11.1 percent in the…

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Malta: Highest increase in industrial prices in the EU

Industrial producer prices in the EU fell by 3.0 percent in July, compared with the same month last year. Decreases were observed in every member state except for Slovenia and…

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Malta: Unemployment levels down for fourth month in a row

The unemployment levels for July stood at 11,195, a decrease of nearly 300 from the month before. Data by the National Statistics Office shows that seasonally adjusted rate of unemployment…

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Malta: Government expenditure rises by €390M this year

The total government expenditure between January and July was €3.158 billion, an increase of 14.2 percent compared with the same period last year. Figures by the National Statistics Office show…

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Malta: Industrial prices highest in five months

Industrial production prices rose by 1.16 percent in July compared with the same month in 2019. Data released by the National Statistics Office shows that this was the highest monthly…

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Malta: Retail Index makes modest rise in July

The annual Retail Price Index in July stood at 0.62 percent, the lowest increase in the 31 months under review in data published by the National Statistics Office. In June,…

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CiNext – Malta Insights

JUNE RECORDS DROP IN INDUSTRIAL PRICES A decrease in intermediate goods pushed down the Industrial Producer Price Index for June by 0.27 percent from the same month last year. Data…

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Malta: Occupational accidents fall by a third this year

There were 1,108 reports of non-fatal accidents at work between January and June, 471 less than in the same period last year. Data published by the National Statistics Office shows…

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Malta: Income rises but so does the poverty rate

Average household gross income grew by more than €1,050 in 2019 from the year before while the increase in average household disposable income was of €675. Data published by the…

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Malta: July registers lowest inflation rate in 31 months

The annual rate of inflation in July stood at 0.7 percent, the lowest increase in the months under review since January 2018. Figures by the National Statistics Office show that…

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Malta: Industrial Production up in June

The Index of Industrial Production rose by 3.1 percent in June from the month before, lifted mainly by consumer goods (+4.3%) and capital goods (+3.7%), Figures by the National Statistics…

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Malta: New business registrations increased by a third in latest report

There were 4,216 new business registrations in 2018, 35 percent more than the year before. The latest data on business demographics in Malta by the National Statistics Office shows that…

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Malta: Unemployment rate decreases for first time in a year

The rate of unemployment stood at 4.2 percent in June, a decrease from 4.3 percent in May. Data for the previous twelve months released by the National Statistics Office showed…

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EU households register biggest-ever decrease in consumption

Household real consumption per capita in the European Union fell by 2.9 percent in the first quarter of the year, following a decline of 0.2 percent in the previous quarter.…

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Malta: June records drop in industrial prices

A decrease in intermediate goods pushed down the Industrial Producer Price Index for June by 0.27 percent from the same month last year. Data by the National Statistics Office shows…

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Malta: Registered unemployment slightly down from May

The number of persons registering for work in June stood at 4,270: an increase of more than 2.650 compared with the same month last year but a decrease of 139…

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Malta: Government deficit rises to 8.5 percent in first quarter

Malta registered a general government deficit-to-GDP ratio of 8.5 percent in the first quarter of 2020. Figures by Eurostat indicate that Malta recorded the biggest change from the previous quarter,…

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Malta: Increase in annual inflation rate

The annual rate of inflation in June rose 0.72 percent compared with the same month the year before. Figures by the National Statistics Office show that inflation as measured by…

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Malta: Debt to GDP ratio reaches 44% in the first quarter

Government debt rose to 1.6 percent of Gross Domestic Product in the first quarter of 2020, up from 1.5 percent in the previous quarter. Data by Eurostat show that the…

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