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Construction sector contracts 6.3% in 1Q


According to the Department of Statistics Malaysia, the country’s construction sector contracted by 6.3% in the first quarter of 2020, amounting to RM35 billion, compared with the same month of the previous year.

Has the pandemic known as COVID-19 slowing down the construction sector?

In a statement by Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin, there were declines in the non-residential buildings sub-sector (11.0%), special trades activities sub-sector (8.6%), residential buildings sub-sector (7.6%) and civil engineering sub-sector (2.3%) in the first quarter of 2020.

The Department of Statistics also reported that in 1Q20, the civil engineering sub-sector remained dominant and was the main contributor to the value of construction work done with a 44.9% share.

Non-residential buildings contributed 25.9%, residential buildings (24.1%), and special trades activities (5.0%).

The private sector continued to propel the construction activity with 54.8% share of the value of construction work done (RM19.2 billion) as compared to the public sector with a 45.2% share (RM15.8 billion).

Check out the full article at Bernama

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