A survey by the Malta Chamber of Commerce, Enterprise and Industry, in collaboration with PricewaterhouseCoopers found that growth in manufacturing activity came to a halt in 200. The value-added of the sector, which had increased by over €60 million in 2007, declined by almost €9 million in 2008.

And while growth in 2007 had been generated by the chemicals and the electronics subsectors, the former sector experienced virtually no growth in 2008 and the latter declined markedly in the same year.

The contribution of the manufacturing sector to total economic activity had peaked at 17% in the first half of 2007 but declined to around 15% by the end of 2008.

Investment in manufacturing followed similar trends to developments in value added, with the level for the third quarter of 2008 being at a 2-year low.

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