Services, manufacturing underpin 2Q GDP growth


The construction sector expanded by 40.3%, rebounding from a decrease of 10.4% due to higher specialised construction activities (58.1%) and civil engineering (50%).

KUALA LUMPUR: Malaysia’s economic expansion of a higher-than-expected 16.1% in the second quarter (2Q, 2021) was underpinned by the services and manufacturing sectors, the Statistics Department said on Friday.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the services expanded by 13.4%, manufacturing reported a growth of 26.6%, construction 40.3% and mining 13.9% but agriculture reported a decline of 1.5%.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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

Bank Negara fines Habib with RM96,250 for AMLA non-compliance
Pharmaniaga says 'stands firm' on financial recovery to exit PN17
Kobay gets UMA query from Bursa Malaysia
LFE gets RM8.27mil piling work
Jiankun expects GDV of its projects to soar to RM2bil under new leadership
Paramount acquires 21.54% stake in Eco World International
CIMB Securities aims for high single-digit market share by year-end
FBM KLCI retraces earlier losses to close flat
Total Dynamic gets bursa's nod to list on LEAP Market
Asian currencies set for weekly fall; stocks firm on US rate cut bets

Others Also Read