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Financial News: Malta Q2 Economic Growth Improves

Malta Q2 Economic Growth Improves

09/06/2017 - 05:41:00 (RTTNews)

(RTTNews) - Malta's economic growth improved for the second straight quarter in the three months ended June, though slightly, figures from the National Institute of Statistics showed Wednesday.

In real terms, gross domestic product advanced 6.4 percent year-over-year in the second quarter, faster than the 4.9 percent rise in the first quarter.

During the fourth quarter of the previous year, the rate of expansion was 5.9 percent.

On the expenditure side, total final consumption expenditure rose 0.8 percent annually in the second quarter and gross fixed capital formation advanced by 27.4 percent.

Exports increased 5.0 percent, while imports fell by 6.5 percent.

In nominal terms, the annual economic growth accelerated to 8.5 percent in the June quarter from 8.0 percent in the March quarter.

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