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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MalaysiaMalaysia Construction Output YoY fell to 8.5% in January 2026
FMPMonthlyReleased May 2026
Malaysia Construction Output YoY fell to 8.5% in January 2026, released May 2026, down 1.8% from December's 10.3% reading. The print exceeded the 7.6% consensus by 0.9%. Construction Output YoY has now declined for 6 consecutive months. Construction Output YoY is now the lowest in 24 months.
Latest Release
8.5
Actual
7.6
Consensus
10.3
Previous
Median Absolute Error
±7.1 percentage points
across last 11 releases
Last Call
May 2026
Predicted: 7.6
Actual: 8.5
Error: -0.9
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction Output YoY (Malaysia) was reported at 8.5% in May 2026. This beat the market consensus of 7.6% by 0.9%. The reading fell from the previous value of 10.3%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 9.8%, down from the prior three at 17.53%. In May readings over the past 3 years, Construction Output YoY has averaged 13.1%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 11 releases, the Sigmacast model's median absolute error is 7.1%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Jun 19) and Inflation Rate MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Construction Output YoY - MY
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About Construction Output YoY — Malaysia
DEFINITION
Construction Output YoY (Year-over-Year) is a financial indicator that measures the change in the total value of construction projects completed in a given period compared to the same period in the previous year. It provides valuable insights into the growth or decline of the construction industry and can be used to assess the overall health of the economy. This indicator is closely monitored by investors, policymakers, and analysts to make informed decisions about the construction sector and its impact on the broader economy.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 8.5 %, consensus 7.6 %. Prior reading (Oct 2025): 10.3 %. Before that (Jul 2025): 10.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.