Construction output in South Korea dropped by 5.7 percent year-on-year in March of 2021 following a revised 8.5 percent fall in the previous month. This was the sixth straight month of decline in construction activity but the slowest in three months, as both building activity (-6.1 percent compared to -7.0 percent in February) and civil engineering works (-4.7 percent compared to -12.5 percent) declined at a softer pace. Considering the first quarter of the year, construction output dropped 7.3 percent over the same period of 2020. source: Statistics Korea

Construction Output in South Korea averaged 1.50 percent from 1998 until 2021, 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 2021.

Construction Output in South Korea is expected to be 3.30 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 2.50 in 12 months time. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2022, according to our econometric models.

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South Korea Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
-5.70 -8.50 26.40 -30.50 1998 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-28 11:00 PM Dec -2.5% 1.7% -3.5%
2021-03-01 11:00 PM Jan -6.4% -4.8% 1.5%
2021-03-30 11:00 PM Feb -8.7% -8.1% -5.5%
2021-04-29 11:00 PM Mar -5.7% -8.5% -3.5%
2021-05-30 11:00 PM Apr -5.7%
2021-06-29 11:00 PM May
2021-07-29 11:00 PM Jun
2021-08-30 11:00 PM Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
S. Korea Construction Output Falls the Least in 3 Months
Construction output in South Korea dropped by 5.7 percent year-on-year in March of 2021 following a revised 8.5 percent fall in the previous month. This was the sixth straight month of decline in construction activity but the slowest in three months, as both building activity (-6.1 percent compared to -7.0 percent in February) and civil engineering works (-4.7 percent compared to -12.5 percent) declined at a softer pace. Considering the first quarter of the year, construction output dropped 7.3 percent over the same period of 2020.
2021-04-29
South Korea Construction Output Falls Further
Construction output in South Korea plunged 8.7 percent from a year earlier in February 2021, following an upwardly revised 8.1 percent decrease in the previous month, dragged by building construction (-6.4 percent vs -7.3 percent in January) and civil engineering works (-14.7 percent vs -10.2 percent). On a monthly basis, construction output rebounded 6.5 percent, following a 7.7 percent drop in January.
2021-03-30
South Korea Construction Output Falls Sharply
Construction output in South Korea plunged 6.4 percent from a year earlier in January 2021, following a revised 4.8 percent decrease in the previous month, dragged by building construction (-6.1 percent vs -6.3 percent in December) and civil engineering works (-7.1 percent vs -2.0 percent). On a monthly basis, construction output fell a sharp 6 percent, following a 2.4 percent drop in December.
2021-03-01
South Korea Construction Output Returns to Contraction
Construction output in South Korea decreased 2.5 percent from a year earlier in December of 2020 following a revised 1.7 percent gain in the previous month, dragged by building construction (-4.8 percent vs 2.4 percent in November). In contrast, civil engineering rebounded modestly (1.9 percent vs -0.1 percent) contracted. On a monthly basis, construction output fell 0.9 percent, following a 4.5 percent increase.
2021-01-28

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.