Construction output in South Korea went up 0.3 percent year-on-year in August of 2021, recovering from a downwardly revised 8 percent drop in in the previous month. It was the first rise in construction activity, as building activity rebounded (4.5 percent vs -3.2 percent in July) and civil engineering fell at a softer pace (-11.4 percent vs -20.6 percent). On a monthly basis, construction output climbed 1.6 percent, after a 1.8 percent decline in July. source: Statistics Korea

Construction Output in South Korea averaged 1.39 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 October of 2021.

Construction Output in South Korea is expected to be 5.50 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 2022, according to our econometric models.

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South Korea Construction Output


Calendar GMT Actual Previous Consensus TEForecast
2021-08-30 11:00 PM Jul -8.1% -5.6% -3.3%
2021-09-29 11:00 PM Aug 0.3% -8% -1.2%
2021-10-28 11:00 PM Sep 0.3% -3.8%


News Stream
South Korea Construction Output Rebounds in August
Construction output in South Korea went up 0.3 percent year-on-year in August of 2021, recovering from a downwardly revised 8 percent drop in in the previous month. It was the first rise in construction activity, as building activity rebounded (4.5 percent vs -3.2 percent in July) and civil engineering fell at a softer pace (-11.4 percent vs -20.6 percent). On a monthly basis, construction output climbed 1.6 percent, after a 1.8 percent decline in July.
2021-09-29
South Korea Construction Output Shrinks for 10th Month
Construction output in South Korea slumped 8.1 percent from a year earlier in July of 2021, following an upwardly revised 5.6 percent decline in the previous month. It was the tenth consecutive month of falling construction activity, as both civil engineering (-21.4 percent vs -7.4 percent) and building activity (-3 percent vs -4.8 percent) contracted. On a monthly basis, construction output decreased 1.9 percent, following a downwardly revised 0.7 percent drop in June.
2021-08-30
South Korea Construction Output Falls at Softer Pace
Construction output in South Korea decreased 3.1 percent from a year earlier in June of 2021 following a revised 6.9 percent gain in the previous month, as both building construction (-4.1 percent vs -3.1 percent in September) and civil engineering (-0.7 percent vs -17 percent) contracted. On a monthly basis, construction output surged 2.0 percent, following a 3.0 percent drop in September.
2021-07-29

South Korea Last Unit Reference Previous Highest Lowest
Construction Output 0.30 percent Aug/21 -8.00 26.40 -30.50
Construction Orders 6048390.00 KRW Million Aug/21 6158537.00 15128796.00 23.00
Home Ownership Rate 58.00 percent Dec/19 57.70 58.00 53.60


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.