june 2019 | The Malta Business Weekly https://maltabusinessweekly.com A New Voice for Business in Malta Wed, 28 Aug 2019 13:27:32 +0000 en-GB hourly 1 https://wordpress.org/?v=5.8 https://maltabusinessweekly.com/wp-content/uploads/2020/04/bw-favicon.svg june 2019 | The Malta Business Weekly https://maltabusinessweekly.com 32 32 159130352 Malta’s industrial prices grow y.o.y. but drop m.o.m. in July https://maltabusinessweekly.com/maltas-industrial-prices-grow-y-o-y-but-drop-m-o-m-in-july/5488/ Wed, 28 Aug 2019 13:26:53 +0000 https://maltabusinessweekly.com/?p=5488 The industrial producer price index grow by 1.75% in July 2019 when compared to the same month of the previous year. However, the producer price index for total industry drops by 0.47% over the previous month of the same year.

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]]> The industrial producer price index registered an increase of 1.75% in July 2019 when compared to the same month of the previous year, according to the latest figures issued by the National Statistics Office (NSO). However, the producer price index for total industry dropped by 0.47% over the previous month of the same year.  

The year-on-year growth was due to a rise of 2.68% in intermediate goods, 1.95% in capital goods and 1.43% in consumer goods. No price changes were registered in the energy sector.

Industrial producer prices for the domestic market went up by 0.98%. Price rises were recorded in capital goods (2.97%), consumer goods (1.51%) and intermediate goods (1.14%). No price changes took place in the energy sector. 

Non-domestic prices increased by 2.28% due to a rise of 2.71% within the non-euro area and 1.49% within the euro area.

In a month-on-month comparison, the producer price index decrease was due to a drop of 1.13% in intermediate goods while no changes were registered in the other sectors.

Prices within the domestic market dropped by 0.20% due to a decrease of 0.88% in the intermediate goods sector. 

Non-domestic prices declined also by 0.64% due to a drop of 0.82% within the non-euro area and 0.29% within the euro area. 

The full and complete report with charts and tables is available for download at the website of NSO. 

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]]> 5488 Malta’s international trade deficit grows to €385.7m in June https://maltabusinessweekly.com/maltas-international-trade-deficit-grows-to-e385-7m-in-june/5194/ Mon, 12 Aug 2019 07:30:10 +0000 https://maltabusinessweekly.com/?p=5194 The deficit of international trade in goods in Malta goes from €315.8m to €385.7m in June 2019, compared to the same month of the previous year, according to the provisional figures published by the National Statistics Office (NSO).

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]]> The deficit of international trade in goods in Malta went up from €315.8m to €385.7m in June 2019, compared to the same month of the previous year, according to the provisional figures published by the National Statistics Office (NSO).  

Imports saw an increase of €51.3m to €642.9m, while exports decreased by €18.4m to €257.3m, according to provisional data published by the NSO.

The increase in the value of imports was primarily due to mineral fuels, lubricants and related materials (€54.5m), machinery and transport equipment (€6.9m), and food (€6.8m). However, import of medicals dropped by €14.4m.

On the exports side, major decreases were seen in semi-manufactured goods (€8m), mineral fuels, lubricants and related materials (€4.3m) and machinery and transport equipment (€4.3m).

Trade deficit widens in H1

The trade deficit widened by €516.4m between January and June when compared to the corresponding period of 2018, reaching €2.1366b. 

Imports and exports increased by €566.3m to €3.7586b and by €49.9m to €1.622b. Moreover, higher imports were mainly in machinery and transport equipment (€651.8m), partly outweighed by a decrease of €98.3m in mineral fuels, lubricants and related materials. 

The main increase in exports was registered in miscellaneous manufactured articles (€35.1m) and in chemicals (€20.5m), partially outweighed by a decrease of €16.6m in semi-manufactured goods.

Imports from the European Union reached €2.5165b (67%) of the total and they experienced a decrease of €367.8m, compared to the same period in 2018. 

While imports from the United Kingdom grew by €774.4m, those from Italy dropped by €204.1m. Regarding exports, the main increase was directed to Spain (€31.8m) while Italy registered the highest decrease (21.9m). 

The full report with graphs and tables is available for download at the website of NSO.

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