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Financial News: Malta Economic Growth Slows In Q3

Malta Economic Growth Slows In Q3

12/06/2019 - 09:37:00 (RTTNews)

(RTTNews) - Malta's economic growth slowed further in the third quarter, preliminary data from the National Statistics Office showed on Friday.

Gross domestic product grew 5.5 percent year-on-year following a 7.1 percent increase in the previous quarter. The pace of growth has been slowing since the fourth quarter of last year.

In chain-linked volume terms, the economy grew 3.4 percent year-on-year after a 4.9 percent expansion in the second quarter. The rate of growth slowed for a third straight quarter.

Total final consumption expenditure increased 2.5 percent in volume terms, led by a 2 percent growth in household expenditure and a 4 percent rise in government expenditure.

Gross fixed capital formation rose 0.2 percent. Exports of goods and services increased by 3.6 percent and imports increased 1.0 percent.

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