Net investments in fixed assets slip in 2019


Chief Statistician Datuk Seri Mohd Uzir Mahidin (pic) said the GFCF 2019 declined by 2.1% from 1.4% in 2018 “due to lower acquisition of fixed assets in the manufacturing and mining and quarrying sectors also due to the lethargic performance in the construction sector”.

PETALING JAYA: Net investments in fixed assets in manufacturing, mining and construction declined in 2019 to record a value of RM346.8bil at current prices, the Statistics Department said.

It said gross fixed capital formation (GFCF) – comprising economic activities, type of assets and public and private sectors – at constant prices totalled RM328.4bil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

EPF balancing between retirement mandate and supporting members' economic survival
Asian stocks hit by US tech slide, FX subdued
CelcomDigi emphasises its significant role in protecting customers from AI-related risks
China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook
Oil steady as market weighs US demand concerns, Middle East conflict risks
HeiTech Padu targets stronger earnings growth after returning to black in 2023
PBOC may up bond trading
Rafizi: Govt to share details on subsidy rationalisation mechanism
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms

Others Also Read