The value of construction output in South Korea surged 8.2% year-on-year in May 2022, rising for the first time in four months following a 2.3% slump in April. The jump in construction output was the result of higher building (9% vs -2.9% in April) and civil engineering (5.8% vs -0.2%) investments. Construction investment contributed significantly to a rebound in industrial output of South Korea in May. source: Statistics Korea
Construction Output in South Korea averaged 1.29 percent from 1998 until 2022, 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 July of 2022.
Construction Output in South Korea is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2023, according to our econometric models.