Mnemonic | IP.IMLT | |
---|---|---|
Unit | Index 2021=100, SA | |
Adjustments | Seasonally Adjusted | |
Monthly | 2.12 % | |
Data | Feb 2024 | 105.58 |
Jan 2024 | 103.39 |
Source | National Statistics Office (NSO) - Malta |
Release | Index of Industrial Production [IPI] |
Frequency | Monthly |
Start Date | 1/31/2000 |
End Date | 2/29/2024 |
Reference | Last | Previous | Units | Frequency | |
---|---|---|---|---|---|
Business Confidence | Mar 2024 | -11 | -37.9 | SA | Monthly |
Industrial Production | Feb 2024 | 105.58 | 103.39 | Index 2021=100, SA | Monthly |
Capacity Utilization | 2023 Q4 | 84.1 | 69.4 | %, SA | Quarterly |
Change in Inventories | 2023 Q4 | 35,933 | 37,154 | Ths. EUR, NSA | Quarterly |
Real Change in Inventories | 2009 | -14,743,020 | 40,522,741 | NCU | Annual |
For Malta, a Eurostat-standard detailed industrial production index. It is compiled by the National Statistics Office from a monthly survey. The index monitors the changes in production in leading products from a sample of industrial enterprises. These sampled enterprises cover over 95% of total industrial production.
Active:
Predecessors:
Global concept aliases:
The source writes:
1. This Index of Industrial Production is a Principal European Economic Indicator (PEEI) and compiled in accordance with Commission Regulation (EU) 2019/2152 and Commission Implementing Regulation 2020/1197 of the European Parliament and of the Council on European Business Statistics. The NSO has also adopted methodologies and guidelines recommended by Eurostat and the United Nations.
2. The Maltese Index of Industrial Production is calculated using a Laspeyres-type index (2015=100). Aggregation weights are updated every five years and the gross value added is used as the weighting variable. The whole series is available from the year 2000 onwards.
3. The sample covers 80 per cent of the total industrial turnover and the number of surveyed businesses is around 200. A combination of cut-off and stratified random sampling techniques are used. The volume of industrial production is calculated using three methods: the physical quantities of output, the deflated turnover and the number of hours worked.
4. In this news release, Energy refers to NACE D35 only – Electricity, gas steam and air conditioning supply. It excludes B05 – mining of coal and lignite, B06 – extraction of crude petroleum and natural gas, C19 – manufacture of coke and refined petroleum products and E36 – water, collection, treatment and supply. The index excludes the electricity supply imported via the Malta-Sicily Interconnector.
5. Year-on-year comparisons refer to indices that are calendar adjusted while month-on-month comparisons refer to calendar and seasonally adjusted index numbers. These adjustments aid interpretation of data by removing regularly recurring variations from a time series. The officially recommended software JDemetra+ is used to adjust all series in this news release.
6. The calendar effect is the variation caused by the changing number of working/trading days, fixed and moving holidays, leap year and other calendar-related phenomena. The seasonal effect is the variation caused by any pattern that repeats on a regular basis in the same period each year.
7. The average weighted response rate for this indicator is around 80%. The data is to be considered as provisional and therefore subject to revision.
8. The aggregation weights (gross value added) of the various categories used for the calculation of the Index of Industrial Production for the year 2015 (base year) are as follows:
Weights for aggregates:
NACE Section | NACE Divisions | Description | Share |
Total (sections B, C and D) | 1.00 | ||
B | Mining and quarrying | 0.00 | |
C | 13, 14, 25, 27, 28 and 31 to 33 | Other manufacturing | 0.31 |
10 and 11 |
Food products and beverages |
0.22 | |
26 and 29 | Computer, electronic and optical products and motor vehicles | 0.1 | |
22 to 23 | Rubber, plastic products and other non-metallic mineral products | 0.09 | |
16 to 18 | Wood, paper products and printing | 0.09 | |
|
20 and 21 | Chemicals and pharmaceuticals products | 0.09 |
D | 35 | Energy | 0.08 |
Definitions of main industrial groupings:
Title | Description | Example |
---|---|---|
Capital Goods | Capital goods are physical assets used by businesses to produce consumer (final) goods | Machinery equipment |
Intermediate Goods | Intermediate goods, also called semi-finished goods are products used as inputs to produce a consumer (final) good | Rubber and plastic products |
Consumer Goods | Consumer goods, also called final goods are products that are readily available for consumption by consumers. These goods do not undergo further transformation in production | Food products and beverages |
Energy | Energy refers to the production of electricity | Electricity excluding supply imported via the Malta-Sicily Interconnector |
Yes. Figures are to be considered as provisional and therefore subject to revision.
The index base year is advanced every fifth year.