MIDF Research foresees construction sector to continue growth in 4Q

KUALA LUMPUR: The Malaysian construction sector is expected to continue registering strong growth in the fourth quarter of 2023 (Q4CY23), underpinned by the government's expansionary fiscal spending and further progress in private and public sector projects, said MIDF Research.

In its Economic Brief today, the research house reiterated its forecast for the sector to expand stronger at 7.5 per cent in 2023 (2022: 5.0 per cent) on the back of better supply conditions.