Manufacturing sector grows despite global challenges

Maltese factories already have orders that will take an average of four months to carry out.

In April there was a 2% increase in industrial production compared to the same month a year earlier. There was a 3% increase in the production of intermediate products, a decrease of 6% decrease in capital goods, and a 4% growth in the production of consumer products, while the production of energy decreased by 30%.


The European Commission’s monthly economic sentiment survey indicates that production also increased in May, although most firms said that orders are declining. This reflects the negative international situation. That said Maltese factories already have orders that will take an average of four months to carry out.


By April Malta had seen a decrease of €82 million in goods exports, excluding extraordinary items such as fuel. Customs figures confirm an increase in the export of pharmaceuticals and chemical products. This was against a decrease in exports of printed matter, electronics and aquaculture products.


According to Jobsplus, since 2013 there has been an increase of almost 4,800 full-time and part-time private sector jobs in manufacturing.


Since 2013, foreign direct investment in manufacturing has risen sharply and has now reached almost €2.8 billion.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments