Economic indicators published by Eurostat as well as the National Statistics Office have continued to confirm the healthy state of our economy, a government statement said today.
Sales in Maltese outlets have continued to improve over the last few months. Eurostat has revealed that during the month of July, Malta’s outlets have enjoyed some of the highest increases in sales out of all EU Member States. There has been a 5% increase in sales when comparing to July 2014, which is a larger increase than the 2.7% observed in the rest of the
The increase in private consumption has also been confirmed with the results published by the NSO. Statistics have shown that this year imported goods for private consumption stood at €655 million, an increase from €633 million over the previous year, or an increase of 3.5%. This shows an increase of 22 million for private consumption of imported goods.
The same figures have shown that Malta is experiencing record importations for the purposes of investment. In the first 7 months of 2015,€1.3 billion worth of machinery and goods used for capital investment was imported. This is more than double than what was imported over the same period in the last year of the previous administration. This is the largest amount of machinery and capital goods imported observed since statistics have started to be recorded on the island.
Malta is also enjoying an increase in exports. According to customs figures, in the first secen months of 2015, exports reached €2.1 billion. After the consideration of the decrease in price of re-exported oil, the industrial exportation has increased by €20 million, or 1.6%.
These indicators have continued to show why there is such an optimistic outlook on our economic situation. In the coming months, the government will continue to take measures that will further ensure growth and stability, the statement said.