Construction output in Malaysia slumped 6.3 percent year-on-year in the March quarter of 2020, swinging from a 1.3 percent growth in the previous period. This was the largest contraction on the record, amid severe blow from the COVID-19 outbreak that led businesses, including the construction sector, halting operations. The non-residential building subsector declined the most (-11 percent vs -10.3 percent in Q4), followed by special trades (-8.6 percent vs 3.8 percent), residential building (-7.6 percent vs 2.7 percent), and civil engineering (-2.3 percent vs 7.9 percent).
Construction Output in Malaysia averaged 13.53 percent from 2011 until 2016, reaching an all time high of 35.30 percent in the second quarter of 2012 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 July of 2020. source: Department of Statistics, Malaysia
Construction Output in Malaysia is expected to be -10.00 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 8.00 in 12 months time. In the long-term, the Malaysia Construction Output is projected to trend around 6.00 percent in 2021, according to our econometric models.