Malta Insights

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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Malta: Decrease in licensed vehicles for first time in four years

The were 395,413 licensed vehicles in Malta at the end of the second quarter this year, around 2,000 less than were registered in the previous quarter. Data by the National…

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CiNext – Malta Insights

Fitch Ratings expects unemployment in Malta to double in 2020 Fitch Ratings is forecasting unemployment in Malta to double throughout 2020 as a result of the coronavirus pandemic. In its…

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Malta: Donations to public libraries surge by two-fifths

Public libraries received over 33,700 book donations in 2019, an increase of 39.7 percent from the year before. Combined with the purchase of printed and electronic books, libraries acquired a…

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Fitch Ratings expects unemployment in Malta to double in 2020

Fitch Ratings is forecasting unemployment in Malta to double throughout 2020 as a result of the coronavirus pandemic. In its July report on Malta, in which it re-affirmed Malta's rating…

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Malta: Population grows despite fewer births in 2019

The population in Malta increased by four percent in 2019 to reach 514,564 by the end of the year. Figures by the National Statistics Office show that this is the…

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Malta: Q1 registers largest deficit for five years

Total government revenue decreased by €193.6 million in the first quarter this year while expenditure increased by €99.5 million compared with the same period in 2019. Figures by the National…

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Poll shows Partit Laburista’s lead over PN stands at 15%, 4% more than 2017 election

A MISCO poll for CD eNEWS Agency conducted between the the 1st and 2nd July indicates that the gap between the two parties has widened from 11% to 15%…

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Malta: Property prices increase at a slower rate in Q1

The Property Price Index rose by 5.6 percent in the first quarter of 2020 compared with the same period last year, but the increase was the lowest recorded since the…

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Malta: Fall in domestic tourism in 2019

There were 237,237 domestic tourists in 2019, a drop pf 3.4 percent compared with the previous year according to figures by the National Statistics Office. More than nine in ten…

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Malta: Industrial production up from lowest index in a year

The Index of Industrial Production in May registered rose by of 2.9 percent, the first increase in four months. Data by the National Statistics Office shows that the total production…

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Malta: Three-fourth of working age population in employment

Total employment stood at 260,827 between January and March this year, an increase of more than 13,500 compared to the first quarter last year. The Labour Force Survey published by…

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Malta: Unemployment rises by a tenth in May

The number of registered unemployed rose by 430 from April to May, an increase of 10.8 percent to reach 4,409. Figures published by the National Statistics Office show a rise…

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Malta: Consumer prices average lowest in 15 months

The Retail Price Index fell by 0.5 percent from April to May, closing at a rate of 103.43. Figures by the National Statistics Office show an annual rate increase of…

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Malta: A quarter of debt held by non-financial sectors

Malta is one of four EU countries where non-financial sectors hold more than a tenth of government debt. Figures by Eurostat show that 26 percent of debt in Malta is…

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Malta: Increase in asylum applications during 2019

There were 4,090 people requesting international protection in Malta during 2019, almost double the number recorded in the previous year. The figure represents 0.6 percent of the share of asylum…

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Malta: Services account reaches €857 million in first quarter

The current account balance rose to €200 million between January and March, up from €128 million in the same period in 2019. Figures by the National Statistics Office show that…

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Malta: Inflation rate drops below 1.0 percent

The annual rate of inflation in May reflected in the Harmonised Index of Consumer Prices (HICP) was 0.9 percent, the lowest since 2018. Data by the National Statistics Office shows…

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