
The latest Gozo Business Sentiment Survey, released by the Gozo Regional Development Authority and the Gozo Business Chamber, reveals a positive outlook among local businesses as of March 2025.
The biannual survey highlights that 30% of firms reported improved business conditions over the past six months, up from 20% in the previous period. Although some sectors, like accommodation and food services, faced challenges, overall sentiment remains upbeat, especially in manufacturing, construction, and transportation.
Businesses planning to grow their workforce over the next six months are seeking a broad range of skills, which differ depending on the sector and the operational requirements of each enterprise.
Labour shortages remain the most significant challenge, with 53% of respondents affected, particularly in construction and tourism. Despite this, 58% of businesses plan to increase their workforce in the coming months, singling strong labour demand.
Cost pressures are easing, with fewer firms expecting price rises for inputs and selling prices compared to previous surveys. While 66% of firms still expect input costs to rise in the next six months, this is a decrease compared to earlier in 2024. Similarly, only 31% of businesses plan to increase selling prices, the lowest level recorded since the survey began, indicating easing cost pressures across sectors. Investment intentions also increased, with 55% of businesses planning new investments, mainly in manufacturing and construction.
The survey also sheds light on employee wellbeing, noting that many firms are promoting work-life balance and professional development, though mental health support remains limited.
With 41% of businesses optimistic about future activity, the survey points to a resilient and hopeful business community in Gozo.
#MaltaDaily