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BUSINESS TODAY 16 February 2023

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2 NEWS 16.2.2023 FOLLOWING several months of reg- istering strong recovery rates, Malta International Airport's traffic sur- passed 2019 passenger numbers for the first time since February 2020 last January. January's traffic totalled 379,335 pas- senger movements, marking an in- crease of 3.6 per cent compared to the same month in 2019. While this result constitutes a significant milestone in the airport's gradual recovery, the bus- iest start to the year at Malta Interna- tional Airport remains January 2020 with 418,096 passenger movements. Almost 77 per cent of the seats avail- able on flights operated to and from Malta International Airport were oc- cupied in January, indicating a healthy demand for travel. However, pent-up demand is expected to start levelling off as the year wears on. While Malta International Airport was connected to 31 markets in Jan- uary, Italy held on to the top spot in the market leaderboard with 85,618 passenger movements. The United Kingdom ranked second with 58,836 passenger movements, followed by France, Poland and Germany. The German market, which has been a laggard in terms of recovery, lost the spot it had occupied for several months to Poland. While more seat capacity was deployed on German routes, a significant difference in the seat load performance of 92 per cent for Poland and 77 per cent for Germa- ny, resulted in the former overtaking the latter by 695 passenger move- ments. MIA nears 380,000 passenger movements in January IN the fourth quarter of 2022, season- ally adjusted GDP increased by 0.1% in the euro area and remained stable in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical of- fice of the European Union. In the third quarter of 2022, GDP had grown by 0.3% in both the euro area and the EU. According to a first estimation of an- nual growth for 2022, based on sea- sonally and calendar adjusted quarterly data, GDP increased by 3.5% in the euro area and by 3.6% in the EU. Compared with the same quarter of the previous year, seasonally adjust- ed GDP increased by 1.9% in the euro area and by 1.8% in the EU in the fourth quarter of 2022, after +2.3% in the euro area and +2.5% in the EU in the previ- ous quarter. During the fourth quarter of 2022, GDP in the United States increased by 0.7% compared to the previous quar- ter (after +0.8% in the third quarter of 2022). Compared with the same quarter of the previous year, GDP increased by 1.0% (after +1.9% in the previous quar- ter). Employment growth in the euro area and EU e number of employed persons in- creased by 0.4% both in the euro area and in the EU in the fourth quarter of 2022, compared with the previous quar- ter. In the third quarter of 2022, em- ployment had increased by 0.3% in the euro area and by 0.2% in the EU. Compared with the same quarter of the previous year, employment in- creased by 1.5% in the euro area and by 1.3% in the EU in the fourth quarter of 2022, after +1.8% in the euro area and +1.5% in the EU in the third quarter of 2022. According to a first estimation of an- nual growth for 2022, based on quarter- ly data, employment increased by 2.2% in the euro area and by 2.0% in the EU. GDP up by 0.1% and employment up by 0.4% in the euro area 20/2023 - 14 February 2023 GDP and employment flash estimates for the fourth quarter of 2022 GDP up by 0.1% and employment up by 0.4% in the euro area In the EU, GDP stable and employment up by 0.4% GDP growth in the euro area and EU In the fourth quarter of 2022, seasonally adjusted GDP increased by 0.1% in the euro area and remained stable in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2022, GDP had grown by 0.3% in both the euro area and the EU. According to a first estimation of annual growth for 2022, based on seasonally and calendar adjusted quarterly data, GDP increased by 3.5% in the euro area and by 3.6% in the EU. Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.9% in the euro area and by 1.8% in the EU in the fourth quarter of 2022, after +2.3% in the euro area and +2.5% in the EU in the previous quarter. 20/2023 - 14 February 2023 GDP and employment flash estimates for the fourth quarter of 2022 GDP up by 0.1% and employment up by 0.4% in the euro area In the EU, GDP stable and employment up by 0.4% GDP growth in the euro area and EU In the fourth quarter of 2022, seasonally adjusted GDP increased by 0.1% in the euro area and remained stable in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2022, GDP had grown by 0.3% in both the euro area and the EU. According to a first estimation of annual growth for 2022, based on seasonally and calendar adjusted quarterly data, GDP increased by 3.5% in the euro area and by 3.6% in the EU. Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.9% in the euro area and by 1.8% in the EU in the fourth quarter of 2022, after +2.3% in the euro area and +2.5% in the EU in the previous quarter.

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