Construction output in New Caledonia decreased 0.50 percent in July of 2019 over the same month in the previous year. Construction Output in New Caledonia averaged 2.14 percent from 1996 until 2019, reaching an all time high of 9.90 percent in November of 2008 and a record low of -6.30 percent in January of 2010.
Construction Output in New Caledonia is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in New Caledonia to stand at 1.00 in 12 months time. In the long-term, the New Caledonia Construction Output is projected to trend around 1.30 percent in 2020, according to our econometric models.