There were significantly more people employed in the Arts, entertainment and recreational sector in September 2018, than in the same month of 2017, the Central Bank reports.
In their latest update on the Maltese economy, the Central Bank states that according to Jobsplus figures, there was a 12.7% change in the number of people working in this sector in September 2018 than in the previous year, from 8,137 to 9,171.
Aside from the Arts, the labour market also saw an annual increase in the number of workers employed in Real Estate and professional and administrative activities sector. This reflected a 11.5% annual change from 28,771 to 32,094 in 2018.
Financial and insurance activities also saw a 10.2% increase from 9,085 to 10,014 in September 2018.
Together these reflected part of the 6.9% rise in the number of people employed in the Private Sector, compared with a 2.7% rise in people employed in the public sector.
Non fuel imports up, fuel imports down
According to the update, Malta’s imports of non-fuel related products have increased in the annual period between January 2018 and 2019.
The increase is almost 70 million euros greater in 2019 (roughly €350m) than in 2018 (roughly €280m).
Exports of non-fuel exports are also on the increase from €180m in 2018 to close to €200m in January 2019.
Fuel exports are also shown to have decreased in the same period, reflecting a roughly €20m decrease (roughly €80m to roughly €60m).
Businesses more positive about projections
According to surveys conducted on businesses and consumers, more businesses in February 2019 said that they were more positive about their activity based on the previous three months.
The Central Bank’s update says that there is a 40% increase in positivity compared with no change in January, and overall 15% ratings given in the two preceding years.
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