FX.co ★ Malta Industrial Output Rebounds in January

Malta’s industrial production rose by 5.7% year-on-year in January 2026, rebounding from an upwardly revised 6.5% decline in December. This was the first increase since October 2025 and the strongest growth in seven months, largely driven by a recovery in manufacturing output, which expanded by 5.1% after a 7.4% fall in the previous month.

Within manufacturing, the largest gains were recorded in computer, electronic and optical products and motor vehicles (38.0%), followed by wood, paper products and printing (17.1%), and chemical and pharmaceutical products (9.1%).

Across the main industrial groupings, output accelerated in energy (15.6% vs 8.6% in December) and intermediate goods (23.7% vs -9.9%). In contrast, production declined further for capital goods (-17% vs -2.5%), consumer goods (-0.8% vs -3.6%), and consumer non-durable goods (-1% vs -4.8%), while growth slowed markedly for consumer durable goods (0.5% vs 7%).

On a seasonally adjusted monthly basis, industrial production increased by 2.5% in January, following a downwardly revised 3.6% gain in December.