Quarterly Construction Statistics, Fourth Quarter 2022
The Construction sector continued to perform favourably in the fourth quarter 2022 with growth of 15.7 per cent, while overall 2022 posted a rebound of 8.8 per cent after two years in the declining trend The value of work done in the Construction sector continued to increase by 15.7 per cent in the fourth quarter after expanding strongly by 23.2 per cent in the third quarter of 2022. The growth momentum in this quarter was driven by the double-digit growth in the Civil engineering sub-sector (20.8%); Non-Residential buildings (19.0%); and Special trade activities (12.7%). Meanwhile, the sub-sector of Residential buildings increased 5.3 per cent as compared to a year ago. Out of RM32.0 billion of work done value recorded in the fourth quarter of 2022, RM12.1 billion or 37.9 per cent was in Civil engineering and followed by Non-residential buildings with a share of 30.1 per cent or amounted to RM9.6 billion. In the meantime, the work done value in Residential buildings ...