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%.
The performance was driven by the wholesale and retail trade sub-sector which continued to expand at a stronger pace of 21% followed by the higher growth in finance & insurance and transportation & storage sub-sectors. Mohd Uzir said he construction sector expanded by 40.3%, rebounding from a decrease of 10.4% due to higher specialised construction activities and civil engineering .The mining & quarrying sector expanded 13.9% rebounding from a contraction due to improvement in the natural gas and crude oil & condensate sub-sectors.The agriculture sector recorded a decline of 1.5% compared with a marginal growth of 0.2% in 1Q, mainly due to the decline in oil palm sub-sector.
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