Construction output in South Korea rebounded 6.3 percent year-on-year in September of 2020, following an upwardly revised 9.6 percent plunge in the previous month. The sharp increase followed the biggest decline in construction output in eighteen months and was the steepest increase since January 2018, nudged higher by rebounds in both building activity (4.6 percent vs -10.7 percent in August) and civil engineering works (7.7 percent vs -8.4 percent). source: Statistics Korea
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 November of 2020.
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.