Analysing the Dynamics of Supply Construction Gross Domestic Products in Malaysia: A Comprehensive Study (2015-2023)

Abstract

This research study serves two purposes. First, it seeks to examine the dynamics of Malaysia's supply construction sector and its Gross Domestic Product (GDP) from 2015 to 2023. Second, it aims to identify the key macroeconomic forces regulating this sector and their influence throughout the provided timeframe. In order to achieve these goals, the study applies a variety of research approaches, including correlation and regression analysis. The primary macroeconomic indicators examined are exchange rates, base lending rates, and inflation. The study's findings show that the Base Lending Rate (BLR) has a considerable effect on Malaysia's supply construction GDP. In contrast, exchange rates and inflation rates have modest or statistically negligible impacts. The study's regression model emphasizes the significant influence of BLR and demonstrates that it is the most powerful predictor among the investigated macroeconomic factors. The importance of this research rests in its capacity to clarify the complex link between macroeconomic data and Malaysia's supply construction sector. It emphasizes BLR's crucial role in influencing the performance of this sector and, as a result, its impact on the whole economy. Furthermore, the study provides useful insights for policymakers, industry stakeholders, and future research endeavours, enabling informed economic decision-making and strategic planning in the construction sector.