Construction output in South Korea decreased 9.4 percent year-on-year in August of 2019, following a revised 1.2 percent fall in the previous month. It was the biggest decline in construction output in eighteen months, as both building activity (-10.4 percent vs -1.2 percent in Juy) and civil engineering works (-6.3 percent vs 8.4 percent) declined.

Construction Output in South Korea averaged 1.51 percent from 1998 until 2020, reaching an all time high of 26.40 percent in November of 2016 and a record low of -30.50 percent in August of 1998. This page provides - South Korea Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Korea

Construction Output in South Korea is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in South Korea to stand at 1.90 in 12 months time. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2021, according to our econometric models.

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South Korea Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
-9.40 -1.20 26.40 -30.50 1998 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-29 11:00 PM May -5.8% -3.2% -1.8%
2020-07-30 11:00 PM Jun -2.7% -5.4% -4%
2020-08-30 11:00 PM Jul -0.6% -3.6% -0.9%
2020-09-28 11:00 PM Aug -9.4% -1.2% -0.5%
2020-10-29 11:00 PM Sep -9.4% 1%
2020-11-29 11:00 PM Oct
2020-12-29 11:00 PM Nov


News Stream
South Korea Construction Output Falls the Most in 18 Months
Construction output in South Korea decreased 9.4 percent year-on-year in August of 2019, following a revised 1.2 percent fall in the previous month. It was the biggest decline in construction output in eighteen months, as both building activity (-10.4 percent vs -1.2 percent in Juy) and civil engineering works (-6.3 percent vs 8.4 percent) declined.
2020-09-28
South Korea Construction Output Falls the Least in 4 Months
Construction output in South Korea dropped by 0.6 percent year-on-year in July 2020 following a revised 3.6 percent fall in the previous month. This was the fourth straight month of decline in construction activity but the slowest in the sequence, as building construction fell at a softer rate (-4 percent vs -6.2 percent in June). In contrast, civil engineering grew much faster (9.8 percent vs 3.2 percent). On a monthly basis, construction output rose 1.5 percent, following a 0.4 percent fall in June.
2020-08-30
South Korea Construction Sector Still Weak
Construction output in South Korea decreased 2.7 percent from a year earlier in June 2020 following a downwardly revised 5.4 percent contraction in the previous month (vs preliminary -5.8 percent), as building construction dropped 5.9 percent after declining 8.1 percent in May. In contrast, civil engineering grew 5.2 percent, up from 2.8 percent expansion in the prior month. On a monthly basis, construction output grew 0.4 percent following a 3.8 percent drop in May.
2020-07-30
South Korea Construction Output Drops 5.8% YoY
Construction output in South Korea decreased 5.8 percent from a year earlier in May 2020 following an upwardly revised 3.2 percent contraction in the previous month (vs preliminary 2.7 percent), as building construction dropped 8.7 percent after declining 7.4 percent in April. In contrast, civil engineering grew only 3.1 percent, slowing from an 11.7 percent expansion in the prior month. On a monthly basis, construction output declined 4.3 percent, following a 3.9 percent drop in March.
2020-06-29

South Korea Construction Output
In South Korea, construction output refers to year over year change in the value of construction completed including building construction and civil engineering.