South KoreaSouth Korea Construction Output YoY fell to 3.9% in October 2022
South Korea Construction Output YoY fell to 3.9% in October 2022, down 2.2% from September's 6.1% reading.
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Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/KRW | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| KOSPI | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction Output YoY (South Korea) was reported at 3.9% in October 2022. The reading fell from the previous value of 6.1%.
WHY IT MATTERS
The trailing three releases averaged 4.47%, up from the prior three at 2.97%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/KRW (Bullish KRW). A secondary relationship exists with KOSPI, positively correlated (Bullish KR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (Nov 10).
Auto-generated from current model state · Refreshes on each release · Last update October 2022.
Construction Output YoY - KR
About Construction Output YoY — South Korea
DEFINITION
Construction Output YoY (Year-over-Year) is a financial indicator that measures the change in the total value of construction projects completed in a given period compared to the same period in the previous year. It provides valuable insights into the growth or decline of the construction industry and can be used to assess the overall health of the economy. This indicator is closely monitored by investors, policymakers, and analysts to make informed decisions about the construction sector and its impact on the broader economy.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2022): actual 3.9 %. Prior reading (Aug 2022): 6.1 %. Before that (Jul 2022, first reported): 2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast is 4.6% (latest print 3.9%). The 3-month forecast is 6.0%. The projection is based on the indicator's own recent trend. This indicator correlates most strongly with USD/KRW (Bullish KRW, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - KR Events
| Tuesday, November 10, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 23:00 | KR | Unemployment Rate | 2.6 | 2.8 | 2.80 | Medium | |