Construction output in South Korea decreased 2.7 percent from a year earlier in April 2020 following an upwardly revised 2.2 percent rise in the previous month (vs preliminary 1.5 percent), as building construction dropped 7.4 percent after declining 2 percent in March. In contrast, civil engineering grew 12 percent, slowing from a 13.3 percent expansion in the prior month. On a monthly basis, construction output declined 2.4 percent, following a 3.6 percent hike in February.

Construction Output in South Korea averaged 1.61 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 May of 2020. source: Statistics Korea

Construction Output in South Korea is expected to be 0.50 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
-2.70 2.20 26.40 -30.50 1998 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-27 11:00 PM Jan -4.8% 0.9% -2.6%
2020-03-30 11:00 PM Feb 5.6% -6.1% -3.5%
2020-04-28 11:00 PM Mar 1.5% 5.3% -1.1%
2020-05-28 11:00 PM Apr -2.7% 2.2% 1.1%
2020-06-29 11:00 PM May -2.7%
2020-07-30 11:00 PM Jun 0.5%
2020-08-30 11:00 PM Jul
2020-09-28 11:00 PM Aug


News Stream
South Korea Construction Output Dips in April
Construction output in South Korea decreased 2.7 percent from a year earlier in April 2020 following an upwardly revised 2.2 percent rise in the previous month (vs preliminary 1.5 percent), as building construction dropped 7.4 percent after declining 2 percent in March. In contrast, civil engineering grew 12 percent, slowing from a 13.3 percent expansion in the prior month. On a monthly basis, construction output declined 2.4 percent, following a 3.6 percent hike in February.
2020-05-28
South Korea Construction Output Growth Slows in March
Construction output in South Korea increased 1.5 percent from a year earlier in March 2020, slowing from a downwardly revised 5.3 percent rise in the previous month, as civil engineering went up 13.1 percent easing from a 34.8 percent gain in February. Meanwhile, building construction dropped 2.9 percent, the same as in the prior month. On a monthly basis, construction output expanded 2.6 percent, following a 2.6 percent decline in February.
2020-04-28
South Korea Construction Rebounds in February
Construction output in South Korea rebounded 5.6 percent from a year earlier in February 2020, after an upwardly revised 6.1 percent decline in the previous month, as civil engineering soared 34.8 percent following an 11.6 percent climb in the previous month. Meanwhile, building construction dropped at a softer pace of 2.4 percent (vs -11.2 percent).On a monthly basis, construction output shrank 3.4 percent after a 1.9 percent expansion in January.
2020-03-30
South Korea Construction Output Falls in January
Construction output in South Korea fell 4.8 percent from a year earlier in January 2020, after an upwardly revised 0.9 percent rise in the previous month, as activity retreated from its first expansion in months ahead of the novel coronavirus outbreak. Building construction declined at a sharper double-digit pace of 11.5 percent (vs -5.2 percent in December), whereas civil engineering gained momentum and jumped 18 percent (vs 15.1 percent). On a monthly basis, construction output advanced 3.3 percent after a 6.6 percent expansion in December.
2020-02-27

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.