Malaysia's construction sector rebounds 8.8 pct after 2-year decline

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KUALA LUMPUR, Feb. 8 (Xinhua) -- Malaysia's construction sector has rebounded by 8.8 percent after a two-year fall, official data showed Wednesday.

The Department of Statistics Malaysia said in a statement that all sub-sectors picked up during the year with a double-digit growth recorded in special trade activities (19.6 percent) and non-residential buildings (18.7 percent).

In the meantime, the civil engineering and residential buildings sub-sectors turned around to a positive growth of 2.7 percent and 3.4 percent, respectively.

While the total value of work done in construction in 2022 amounted to 121.9 billion ringgit (28.35 billion U.S. dollars), it remained lower than the pre-pandemic period, which was 146.4 billion ringgit (34.06 billion dollars) in 2019.

According to the DOSM, the value of work done in the construction sector continued to increase by 15.7 percent in the fourth quarter of 2022 after expanding strongly by 23.2 percent in the third quarter of the year.

The growth was driven by the double-digit growth in the civil engineering sub-sector (20.8 percent), non-residential buildings (19 percent) and special trade activities (12.7 percent).

The private sector continued to provide a main impetus to the growth of the construction sector in the fourth quarter of 2022, growing by 23.5 percent.

Meanwhile, the public sector rose by 4.7 percent during the quarter. Enditem

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