Malta’s industrial producer prices up 1.2% in May

Published by

Manfredi Bertelli

6 years ago

Malta’s industrial producer price index went up by 1.2% in May 2019 compared to the same month of 2018, according to a National Statistic Office (NSO) press release.

Focusing on the whole year, this growth was due to a rise of 2.06% in intermediate goods, 1.3% in consumer goods and 0.06% in capital goods.

Furthermore, industrial producer prices for the domestic market increased by 0.80%. Price rises were recorded within intermediate goods (1.87%) and consumer goods (1.17%).

Non-domestic prices increased by 1.48% due to a rise of 2.03% within the non-euro area and 0.44% within the euro area, as the NSO press release says.

Focusing on May 2019, the producer price index for total industry registered an increase of 0.38% over April.

This was due to a price rise of 1.02% within intermediate goods but mitigated by a drop of 0.13% in the consumer goods sector.

On the one hand, domestic prices rose by 0.02% due to a rise of 0.07% in the consumer goods sector.

On the other hand, non-domestic prices rose by 0.61% due to an increase of 0.76% within the non-euro area and 0.31% within the euro area.

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

Manfredi Bertelli

Manfredi used to be a junior journalist working with Business Malta, the predecessor of Malta Business Weekly's online platform. He enjoys putting his creativity into his writing and is committed to learning new styles to strengthen his skills and embellish his flair.