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Malta's Industry Roars Back with 7.3% April Surge
11 Jun
Summary
- Industrial production grew 7.3% year-on-year in April.
- Manufacturing output saw an 8.1% increase, led by wood products.
- Intermediate goods production surged by 11.0% in April.
Malta's industrial sector demonstrated a significant rebound in April, with industrial production climbing 7.3% compared to the previous year. This growth sharply contrasts with the 3.8% decrease observed in March, signaling renewed economic momentum.
The manufacturing sector was a primary driver of this expansion, recording an 8.1% year-on-year increase. Within manufacturing, the production of wood and paper products, along with computer and electronic goods, registered the most substantial upward changes. Significant growth was also noted in food products and beverages.
Analyzing broader industrial groups, intermediate goods production experienced an impressive surge of 11.0%. Consumer goods also saw a healthy expansion of 7.6%. However, the output of energy and capital goods declined by 9.2% and 2.1%, respectively. On a monthly basis, industrial output saw a notable increase of 5.2% in April.
