Construction activity in Malaysia rose by 42.6 percent year-on-year in the June quarter of 2021, the most on record, after a 10.5 percent contraction in the prior period. This was the first expansion in the construction sector since the fourth quarter of 2019, as the economy reopened from the strictest COVID-19 lockdowns following an acceleration in virus vaccinations. There was a strong rebound in civil engineering works (59.5 percent vs -22.3 percent in Q1), residential buildings (18.0 percent vs -4.2 percent), and non-residential (37 percent vs -5.3 percent). Also, special trade activities sharply accelerated (75.0 percent vs 28.0 percent). source: Department of Statistics, Malaysia
Construction Output in Malaysia averaged 13.53 percent from 2011 until 2016, reaching an all time high of 42.60 percent in the second quarter of 2021 and a record low of -6.30 percent in the first quarter of 2020. This page provides - Malaysia Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Construction Output in Malaysia is expected to be 20.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Malaysia to stand at 3.50 in 12 months time. In the long-term, the Malaysia Construction Output is projected to trend around 6.00 percent in 2022, according to our econometric models.