Malta’s industry increased by the third fastest rate in EU
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Malta’s industry increased by the third fastest rate in EU

Index catching up while eurozone's is slowing down

Malta’s industrial production increased by 2.6 per cent in November 2018, compared with the previous month, the third largest increase in the EU.

Among member states for which data are available, the largest decreases in industrial production were observed in Ireland (-7.5%), Portugal (-2.5%), Germany and Lithuania (both -1.9%) while the highest increases were registered in Estonia (+4.5%) and Greece (+3.1%).

In the eurozone as a whole, seasonally adjusted industrial production fell by 1.7% in the euro area.

Eurostat issued its report on Monday, breaking down the stats to show that in the eurozone, the production of capital goods fell by 2.3%, durable consumer goods by 1.7%, intermediate goods by 1.2%, non-durable consumer goods by 1.0% and energy by 0.6%.

When compared with a year earlier, industrial production fell by 3.3% in the euro area and by 2.2% in the EU28.

The production index shows that Malta’s output stood at 100.8 (base year 2015), while that of the eurozone stood at 104.4. In November 2017, Malta’s index stood at 99.3 and that of the eurozone at 107.9, showing that while Malta’s is catching up, that of the eurozone is slowing down.

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