Warehouse Industry

According to data revealed by Eurostat on Monday, Malta’s industrial production was amongst the hardest hit in the EU in December.

According to the Eurostat report, which compiles data for industrial production across the EU, Malta’s industrial production declined by 4.3 per cent in December on the same period in 2019, against 1.2 per cent across the EU.

Belgium’s industrial production was the worst hit, falling 4.6 per cent in comparison to December 2019.

On the other hand, Slovakia and Poland saw the most dramatic increases in production, as their production increased by 6.8 per cent and 6.1 per cent respectively when compared to December 2019. 

By sector, production of non-durable consumer goods decreased the hardest, falling 3.1 per cent on the December 2019 figure, whereas durable consumer goods and intermediate goods production rose by 4.2 per cent and 4.4 per cent respectively. 

December seems to have been a generally disappointing month in an otherwise relatively promising year for Maltese industry. It was the only EU country to record decreased industrial producer prices in December.

However, Eurostat’s data for Malta has drawn criticism in recent weeks.

Its report that Malta’s December retail trade volume actually increased in December 2020 over 2019 was met with derision in some quarters, with Malta’s Chamber of SME’s calling the report illogical.

For its part the NSO, which provides Malta’s data, has reemphasised the accuracy of its statistics, telling BusinessNow.mt, that its “methodological framework, statistical processes and output are all in tune with Eurostat’s recommendations and guidelines”.

Related

Performing Arts - pexels

MEIA launches 2025 advocacy goals for a more ‘transparent, inclusive and genuinely supportive’ sector

January 2, 2025
by Anthea Cachia

MEIA President states that 2025 must be the turning point where fairness and accountability are non-negotiable

19 years of salaries needed for a 100sqm home in Malta: Study

January 2, 2025
by Nicole Zammit

Owning a home in Malta remains a significant financial challenge

Valletta gears up for New Year’s Eve celebration with over 50,000 expected attendees

December 31, 2024
by Nicole Zammit

Malta’s capital city prepares to count down to 2025 in style