Construction Market Forecast for 2nd Half 2018
Publication Date 2018-06-28
Researchers Hong-Il Lee , Cheol-Han Park
● In the second half of 2018, domestic construction contract amount is expected to decline 15.4% YoY.
● Annual construction contract amount in 2018 is expected to fall to the lowest level in four years from 2014.
● The decline in construction contract amount is mainly due to the housing market decline and the fall in public order due to a sharp drop in government SOC budgets.