FX.co ★ Malta Industrial Output Falls for 1st Time in 14 Months

In September 2025, Malta experienced a 1.3% decline in industrial production compared to the same month the previous year. This downtrend follows a revised growth of 5.3% in August and represents the first decline in industrial output since July 2024. Manufacturing output specifically saw a decrease of 2.3% after a 6.6% rise in August. Noteworthy downturns were observed in sectors such as other manufacturing, which fell by 11.7%, chemical and pharmaceutical products, down by 8.1%, and rubber and other non-metallic mineral products, which decreased by 0.7%. Regarding major industrial groupings, there was a substantial decline in the production of capital goods, which plummeted by 12.2% following a 17.8% increase, as well as consumer goods, which dropped by 7.3% compared to a lesser decline of 3.4% previously. The growth rate for intermediate goods also slowed, posting an increase of 8.8%, down from a previous 13.2% rise. When energy is excluded, industrial output decreased by 2.2%, following a 6.6% gain in the preceding month. On a seasonally adjusted month-to-month basis, industrial activity fell by 1.6% in September, after a downwardly revised increase of 1.0% in August.