Construction sector down 0.6% in 3Q19

KUALA LUMPUR (Nov 12): The value of construction work done in the third quarter 2019 (3Q19) contracted 0.6% year-on-year at RM36.1 billion (2Q19: RM35.9 billion), said the Chief Statistician Malaysia, Datuk Seri Dr Mohd Uzir Mahidin.

He said civil the engineering sub-sector registered the highest growth in the 3Q19 at 7.5%, followed by the special trade activities sub-sector at 2.8%.

“However, the residential buildings and non-residential buildings sub-sectors declined by 2.7% and 11.6% respectively,” he said in a statement yesterday.

He added that the civil engineering sub-sector remained the key contributor to the value of construction work done, with a 46.1% share, followed by non-residential buildings (24.8%), residential buildings (24.2%) and special trades activities (4.9%) respectively.

Mohd Uzir said the private sector continued to propel construction activity with a 54.3% share of the value of construction work done (RM19.6 billion), compared to the public sector at 45.7% (RM16.5 billion).

Source: EdgeProp