Construction activity in Malaysia rose by 9.4 percent from a year earlier in Q1 of 2023, easing from a 25.7 percent growth in the previous quarter. This was the fourth straight period of increase in construction output but the softest pace since Q2 of 2022, amid moderation in the output of non-residential buildings (9.6% vs 19.0% in Q4), civil engineering (17.2% vs 20.8%), and special trade activities (9.0% vs 12.7%). At the same time, activity related to residential buildings fell by 2.2 percent, reversing from a 5.3 percent expansion previously. Last year, the construction output expanded by 8.8 percent, rebounding from a 5 percent fall in 2021. source: Department of Statistics, Malaysia
Construction Output in Malaysia averaged 7.08 percent from 2011 until 2023, reaching an all time high of 42.60 percent in the second quarter of 2021 and a record low of -44.90 percent in the second 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 June of 2023.
Construction Output in Malaysia is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Construction Output is projected to trend around 4.40 percent in 2024 and 2.60 percent in 2025, according to our econometric models.