Construction Market Declines for Third Consecutive Month in July.. Sentiment Index at 73.1

[Financial News] The construction market sentiment felt by construction companies continued to decline for the third consecutive month in July. In particular, the order backlog and funding index both fell to the 60 level, increasing market uncertainty.
On the 5th, according to the Korea Construction Industry Institute, the Construction Business Survey Index (CBSI) for July was 73.1, 0.4 points lower than the previous month (73.5). CBSI is a sentiment index surveyed among construction companies, indicating that responses are pessimistic if below 100.
By sector, the order backlog index fell to 69.2 (-5.9p), and the funding index fell to 69.1 (-5.2p), both remaining at the 60 level. On the other hand, construction progress was 85.4 (+8.3p), material supply was 94.0 (+3.3p), construction payment was 83.8 (+1.7p), and new order index was 69.2 (+0.3p), showing a slight increase compared to the previous month.
The new order index by type of work showed that housing (74.6) rose by 8.9p, while civil engineering (70.7) and non-residential construction (63.0) fell by 1.7p and 4.8p, respectively.
By company size, the large company index was 92.9, the medium-sized company index was 66.7, each rising by 0.6p and 3.7p, while the small company index fell by 5.7p to 59.8. Regionally, Seoul recorded a 2.7p decline to 87.1, and local areas recorded a 4.4p drop to 60.9.
The comprehensive outlook index for August is 65.7, 7.4p lower than the performance index for July.

en1302@fnnews.com Jang In-seo Reporter