Industrial production drops 5.1% in December

Published by
Christian Keszthelyi

The seasonally adjusted industrial production index fell by 5.1% in December 2018, as compared to the preceding month, according to a report by the Maltese National Statistics Office (NSO) this morning. The figure also dropped, by 2.6%, as compared to the same month a year earlier.

All the main industrial sectors registered decreases, according to the NSO release. As compared to the previous month, the production of consumer goods fell by 4.8%, capital goods were down by 4.7%, intermediate goods slipped 3.2%, and energy was down by 0.4%, according to NSO data.

In an annual comparison, the production of consumer goods fell by 4.7%, intermediate products decreased by 3.5%, and energy slipped by 0.5% in December. However, the output of capital goods increased by 2.4%.

“The Index of Industrial Production (IIP) is regarded as one of the most important measures of the economy,” as the figure describes the economic cycles of industry, the NSO remind in its methodological notes.

The full report including charts and visual representation of data is available for download at the website of NSO.

Christian Keszthelyi

Christian used to be the editor of Business Malta, the predecessor of Malta Business Weekly’s online platform. As an avid journalist and writer, he believes that good content has a great flow that seamlessly guides the reader from the beginning to the end. He knows that words have immense power, and ruthlessly edits his own copy when chasing perfection (although he knows an article is never ready.)

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