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high quality apple developer account:Value of construction work falls over 14% in 4Q to RM31.7b

admin2021-02-1115

KUALA LUMPUR: The value of construction work fell in the fourth quarter last year by 14.2% to RM31.70bil, extending the contraction from the 13.1% in the third quarter where the value was RM31.40bil. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Wednesday the special trades activities sub-sector saw a 29.3% increase in 4Q but the gains were offset by declines registered by the civil engineering, residential buildings and non-residential building. He said the civil engineering sub-sector declined by 25%, residential buildings sub-sector (-10.9%) and non-residential buildings sub-sector (-6.3%). The civil engineering sub-sector remained dominant the value of construction work done for 21 consecutive quarters since fourth quarter 2015 with 39.6% share. Non-residential buildings accounted for 27.5%, residential buildings (25.4%) and special trades activities (7.4%). Mohd Uzir said the private sector accounted for 55.7% or RM17.7bil of the total value of construction work done while the public sector accounted for 44.3% (RM14bil). For 2020, the value of construction work done shrank by 19.4% to RM117.90bil from RM146.40bil in 2019. “All sub-sector recorded a declined in the value of construction work done, where the civil engineering sub-sector decreased by 24%, residential buildings sub-sector (-17.2%), non-residential buildings sub-sector (-17.1%) and special trades activities sub-sector (-2.1%), ” he said.
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