Seasonally-adjusted industrial turnover drops 3.8% in Q1

Seasonally-adjusted industrial turnover dropped by 3.8% in Q1 2019 over the last quarter of 2018, according to a report by Malta’s National Statistics Office (NSO). Working-day adjusted industrial turnover, however, grew by 3.8%, compared to the corresponding period of 2018, NSO figures show.

On the one hand, decreases of 16.5% and 2.5% were recorded in the consumer and capital goods sectors, respectively. On the other hand, increases of 4.2% and 0.8% were recorded in the energy sector and intermediate goods sector, respectively, as the NSO press release says.

Seasonally-adjusted industrial employment increased by 0.1%, while hours worked decreased by 0.2%, and gross wages and salaries increased by 2.2%, according to NSO’s statistics.

Year-on-year increases of 9.4% and 7.8% were recorded in the intermediate goods and energy sectors, respectively. Meanwhile, respective decreases of 3.3% and 0.1% were recorded in the capital and consumer goods sectors, in Q1 2019, according to the NSO press release.

A decrease of 0.6% was recorded in the year-on-year unadjusted industrial employment. Working-day adjusted industrial hours worked decreased by 1% while working day adjusted industrial gross wages and salaries increased by 3.6%.

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