World Economy

Malta Retail Trade Drops

Malta Retail Trade DropsMalta Retail Trade Drops

Malta registered the fourth worst result in retail trade amongst EU countries in December 2016. While retail sales across the EU increased by 2.3%, retail sales in Malta shrunk by 0.7%. Eighteen countries out of the 22 member states that submitted their data fared better than Malta, the Nationalist Party said Sunday, NewsNow reported. Shadow finance minister Mario de Marco and Robert Arrigo, spokesman for small businesses said a closer look at the data points to an even worse situation. With a 9.5% decrease, Malta registered the worst decrease in food sales.


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