Construction output in South Korea slumped 4.7 percent from a year earlier in November 2019, following a downwardly revised 3.7 percent fall in the previous month. Building construction declined faster (-9.3 percent vs -8.5 percent in October) and civil engineering work slowed (9.4 percent vs 12.9 percent). On a monthly basis, construction output decreased 1.8 percent, down from a 2.6 percent rise in October.

Construction Output in South Korea averaged 1.56 percent from 1998 until 2019, reaching an all time high of 25.70 percent in September of 2001 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. source: Statistics Korea

Construction Output in South Korea is expected to be -3.00 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 1.00 in 12 months time. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2020, according to our econometric models.

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South Korea Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
-4.70 -3.70 25.70 -30.50 1998 - 2019 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-29 11:00 PM Aug -6.9% -7% -4%
2019-10-30 11:00 PM Sep -7.4% -7.4% -4.6%
2019-11-28 11:00 PM Oct -4.3% -7.9% -6.1%
2019-12-29 11:00 PM Nov -4.7% -3.7% -4.9%
2020-01-30 11:00 PM Dec -4.7% -3%


News Stream
2019-11-28
South Korea Construction Output Drops 4.3% YoY
Construction output in South Korea decreased 4.3 percent from a year earlier in October 2019, after an upwardly revised 7.9 percent in the previous month. Building construction plunged 9.3percent (vs -12.5 percent in September), whereas civil engineering jumped 12.6 percent (vs 6.7 percent). On a monthly basis, construction output climbed 1.7 percent.

2019-10-30
South Korea Construction Output Tumbles 7.4% YoY
Construction output in South Korea decreased 7.4 percent from a year earlier in September 2019, the same as in the previous month. Building construction plunged 12.0 percent (vs -11.5 percent in August), whereas civil engineering rose 7.4 percent (vs 6.3 percent). On a monthly basis, construction output declined 2.7 percent.

2019-09-29
South Korea Construction Output Falls in August
Construction output in South Korea decreased 6.9 percent from a year earlier in August 2019, following a revised 7 percent decline in the previous month. Building construction plunged 11.1 percent (vs -9.2 percent in July), whereas civil engineering rose 7.3 percent (vs 0.3 percent in July). On a monthly basis, construction output grew 0.3 percent.

2019-08-29
South Korea Construction Output Falls Further
Construction output in South Korea decreased 6.2 percent from a year earlier in July 2019 over the same month in the previous year, following a 4.4 percent decline in June. Building construction plunged 8.2 percent (vs -7.5 percent in June), whereas civil engineering rose 0.7 percent (vs 4.3 percent in June).

2019-07-30
South Korea Construction Output Plummets 6.3% YoY
Construction output in South Korea decreased 6.3 percent year-on-year in June 2019, following an upwardly revised 6.7 percent fall in the previous month. Building activity declined at a softer pace (-7.9 percent vs -9.3 percent in May), while civil engineering fell 1.9 percent after climbing 2.4 percent in the previous month. On a monthly basis, construction fell 0.4 percent (vs -0.9 percent).

2019-06-28
South Korea Construction Output Shrinks 5.3% YoY
Construction output in South Korea decreased 5.3 percent year-on-year in May 2019, following an upwardly revised 8.3 percent fall in the previous month. Building activity declined at a softer pace (-7.8 percent vs -10.8 percent in April), while civil engineering works rose further (3.1 percent vs 0.7 percent).


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.

South Korea Housing Last Previous Highest Lowest Unit
Housing Index 100.20 99.90 100.20 33.60 points [+]
Construction Orders 5454550.00 7391668.00 10989605.00 23.00 KRW Million [+]
Construction Output -4.70 -3.70 25.70 -30.50 percent [+]
Home Ownership Rate 57.70 57.70 57.70 53.60 percent [+]