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.

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South Korea Construction Output



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 11:00 PM Apr -1.1% -5.2% 7.5%
2022-06-29 11:00 PM May 8.2% -2.3% 1.5%
2022-07-29 11:00 PM Jun


Related Last Previous Unit Reference
Construction Output 8.20 -2.30 percent May 2022
Construction Orders 7170394.00 8331951.00 KRW Million May 2022
Home Ownership Rate 58.00 57.70 percent Dec 2019

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.
Actual Previous Highest Lowest Dates Unit Frequency
8.20 -2.30 26.40 -30.50 1998 - 2022 percent Monthly
NSA

News Stream
South Korea Construction Output Slips Further
Construction output in South Korea fell 7.3% year-on-year in March 2022, following a 4.6% decrease in the previous month. Output slipped further to its lowest since November as both building (-4.2%) and civil engineering (-14.5%) contracted.
2022-04-29
South Korea Construction Output Slumps in February
Construction output in South Korea fell 4.7% year-on-year in February 2022, following a downwardly revised 6% gain in the previous month. Output turned negative for the first time in three months as both building (-1.3%) and civil engineering (-14.1%) contracted.
2022-03-31
South Korea Construction Output Rises Further in January
Construction output in South Korea rose 6.8 percent year-on-year in January of 2022, following a revised 0.5 percent gain in the previous month. Output increased for a second straight month as both civil engineering (1.0 percent vs -9.1 percent in December) and building activity (8.8 percent vs 5.6 percent) expanded.
2022-03-01