Construction output in South Korea decreased 2.7 percent from a year earlier in June 2020 following a downwardly revised 5.4 percent contraction in the previous month (vs preliminary -5.8 percent), as building construction dropped 5.9 percent after declining 8.1 percent in May. In contrast, civil engineering grew 5.2 percent, up from 2.8 percent expansion in the prior month. On a monthly basis, construction output grew 0.4 percent following a 3.8 percent drop in May.

Construction Output in South Korea averaged 1.56 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 August of 2020. source: Statistics Korea

Construction Output in South Korea is expected to be 1.00 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 -5.40 26.40 -30.50 1998 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
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 -5.8% -3.2% -1.8%
2020-07-30 11:00 PM Jun -2.7% -5.4% -4%
2020-08-30 11:00 PM Jul -2.7%
2020-09-28 11:00 PM Aug
2020-10-29 11:00 PM Sep 1%
2020-11-29 11:00 PM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Korea Construction Sector Still Weak
Construction output in South Korea decreased 2.7 percent from a year earlier in June 2020 following a downwardly revised 5.4 percent contraction in the previous month (vs preliminary -5.8 percent), as building construction dropped 5.9 percent after declining 8.1 percent in May. In contrast, civil engineering grew 5.2 percent, up from 2.8 percent expansion in the prior month. On a monthly basis, construction output grew 0.4 percent following a 3.8 percent drop in May.
2020-07-30
South Korea Construction Output Drops 5.8% YoY
Construction output in South Korea decreased 5.8 percent from a year earlier in May 2020 following an upwardly revised 3.2 percent contraction in the previous month (vs preliminary 2.7 percent), as building construction dropped 8.7 percent after declining 7.4 percent in April. In contrast, civil engineering grew only 3.1 percent, slowing from an 11.7 percent expansion in the prior month. On a monthly basis, construction output declined 4.3 percent, following a 3.9 percent drop in March.
2020-06-29
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 Output
In South Korea, construction output refers to year over year change in the value of construction completed including building construction and civil engineering.