Malta ranked ‘most economically optimistic’ in January

Malta was ranked as the most economically optimistic country out of all the countries in the Eurozone in January, according to a survey by the European Commission amongst businesses and consumers.

“This is the eighth successive month in which Malta has ranked first in this survey," the government said in a statement. "Malta’s economic sentiment index is at 114.7, almost 15% higher than the Eurozone’s average. In January, confidence improved amongst businesses that operate in services, industries, retail and construction.”

The government pointed out that optimism within the construction and retail sectors are at the highest level since these studies commenced.

“This optimism amongst businesses is being reflected through a higher level confidence amongst consumers,” the government said. “According to the European Commission, Maltese families are amongst the few around Europe who believe that their financial situations improved last year. This was confirmed by Central Bank statistics that indicate that deposits in local banks increased by €750 million, a 75% higher increase than the one that was registered in the final year of the previous administration.”