Malta records highest rise in EU industrial producer prices

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While industrial producer prices in the European Union fell by 1.9 percent between March and April, in Malta they increased by 0.5 percent. Figures by Eurostat show that the only other two countries to register an increase over the period were Slovenia (0.3%) and Luxembourg (0.1%). Prices in the euro area decreased by 2.0 percent.

Compared with April 2019, industrial producer prices dipped by 4.5 percent across eurozone countries and by 4.3 percent in the EU27.  Malta registered an increase of 1.4 percent, the second-highest after Cyprus (+3.5%) and ahead of Slovakia (+1.2%).

The energy sector was the main contributor to the decrease in the EU, falling by 7.1 percent from March 2020 and by 16.1 percent from April 2019. Total industry excluding energy declined by 0.3 percent month-on-month and by 0.1 percent year-on-year. Capital goods and durable consumer goods registered an increase both from the previous month and the previous year, while non-durable consumer goods lost 0.2 percent from March 2020 but rose by 2.0 percent from April 2019.

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