Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/32990
Title: Economic update 10/2017
Keywords: Macroeconomics -- Malta
Monetary policy -- Malta
Statistics -- Economic development -- Malta
Labor market -- Malta
Finance -- Malta -- Periodicals
Issue Date: 2017-10-16
Publisher: Central Bank of Malta
Citation: Central Bank of Malta. (2017). Economic Update 10/2017.
Abstract: The Bank’s Business Conditions Index (BCI) signalled a slight improvement in activity levels in September over the previous month. Economic sentiment fell marginally during the month, as improved confidence in construction, services and industry was offset by declining confidence in the retail sector and among consumers. In August, retail sales accelerated in annual terms, while tourism activity rose further. Industrial production also rose in annual terms. Labour market conditions remained favourable, with the number of registered unemployed declining on an annual basis and Eurostat’s measure of the unemployment rate remaining low from a historical perspective. Price pressures remained moderate, with the annual rate of inflation based on the Harmonised Index of Consumer Prices (HICP) unchanged at 1.2% in August and September. Maltese residents’ deposits rose by 11.4% when compared with a year earlier, while growth in credit to residents accelerated to 3.0%. As regards fiscal developments, the cash-based Consolidated Fund showed a surplus in the first eight months of 2017.
URI: https://www.um.edu.mt/library/oar//handle/123456789/32990
ISSN: 24108294
Appears in Collections:2017

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