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National reference metadata

Malta

Reference metadata describe statistical concepts and methodologies used for the collection and generation of data. They provide information on data quality and, since they are strongly content-oriented, assist users in interpreting the data. Reference metadata, unlike structural metadata, can be decoupled from the data.

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Production in industry (sts_ind_prod)

National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: National Statistics Office, Malta

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For short-term statistics, the Index of Industrial Production (IIP) is the reference indicator for economic development in the industrial sector and is particularly used to identify changes in trends at an early stage. The IIP is a volume indicator and measures the changes in the volumes of industrial output on a monthly basis.

30 September 2024

The main indicator is industrial production. This is observed through 3 different type of variables:

Direct physical quantities - quantities in litres / kg's etc.;

Deflated Turnover  - industrial turnover deflated by the Producer Price Indices;

Hours Worked - the number of hours worked in the industrial sector.

Observation Unit: Kind of Activity Unit (KAU) and in its absence, Enterprise

Reporting Unit: Legal

The statistical population includes units falling under NACE Divisions 8 - 36. The population is maintained by the Business Registers unit.

The indicator covers the national territory of the Maltese Islands.

The data are collected and published on a monthly basis.

The overall accuracy of this variable is considered to be of good quality. 

Sampling error is negligible, non-sampling error is small and the first estimates are not biased.

The data are provided in index form.

Non-response is treated by micro-estimation to ensure a full response for all surveyed units. 

A Laspeyres type index is used for compilation and the weights are updated every 5 years from the Structural Business Statistics survey.

The current file type is the SDMX-ML version.

Data on industrial production are collected with three methods: deflated turnover, hours worked and physical quantities. The survey is based on a sample of around 180 units which is refreshed every 5 years.

Deflated turnover are gathered from two other STS surveys, namely the industrial turnover and producer price indices.

Hours worked are gathered from the industrial hours worked survey.

Physical quantities are gathered from a survey specifically asking for quantities in litres, kg's and the like.

Turnover is the main variable used to stratify the sample into three size classes. 

Eurostat transmissions for the index of industrial production are carried out on a monthly basis and one month after the end of the reference period. National news releases for the index are also carried out on a monthly basis and according to the national news release calendar.

The Industrial Production Index is disseminated 40 days after the reference period.

To ensure geographical comparability across member states the index is compiled according to the European Business Statistics Regulations 2019/2152 and 2020/1197 and the STS Methodological Guidelines. Minor methodological deviations may exist due to specific conditions that apply to each member state.

The data series has been compiled since the year 2000. The first set of indicators was based on NACE Rev 1. Following 2009, the indicator was published according to the new NACE Rev 2 classification. Furthermore, for every year ending in 0 or 5, new fixed aggregation weights are introduced.

There is no break in series in the industrial production index.