Construction sector to benefit big-time from investment spillover
It'll pocket 25% of spillovers.
According to the MAS, using input-output analysis, EPG decomposed the sectoral spillovers from a per dollar increase in domestic investment spending. Its estimates suggest that over half of such effects will accrue to the domestic-oriented sectors.
The construction industry is the key beneficiary, accounting for some 25% of total investment spillovers. Further, the strong pipeline of infrastructure projects will generate downstream benefits to ancillary activities such as real estate, and financial and business services.