Q2 construction sector output declines further

According to data from the Ministry of Trade and Industry, the construction sector recorded a 5.7 per cent contraction in output for Q2, extending the 6.3 per cent drop recorded in the preceding quarter.

The gloomy performance was attributed to the slump in both private and public sector construction output.

On a quarter-on-quarter seasonally adjusted annualised basis, the sector rebounded from the 15 per cent decrease to post a 4.9 per cent growth. — Construction+ Online