Construction output in South Korea dropped by 5.7 percent year-on-year in March of 2021 following a revised 8.5 percent fall in the previous month. This was the sixth straight month of decline in construction activity but the slowest in three months, as both building activity (-6.1 percent compared to -7.0 percent in February) and civil engineering works (-4.7 percent compared to -12.5 percent) declined at a softer pace. Considering the first quarter of the year, construction output dropped 7.3 percent over the same period of 2020. source: Statistics Korea
Construction Output in South Korea averaged 1.50 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 May of 2021.
Construction Output in South Korea is expected to be 3.30 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 2.50 in 12 months time. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2022, according to our econometric models.