Thursday, 7 November 2013

South Korea Infrastructure Report Q1 2014

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South Korea Infrastructure Report Q1 2014
Nov 6th 2013, 00:00

Price: $ 1295  

BMI View: The South Korean construction sector has recovered strongly in Q213, due primarily to a surge in activity in the residential building sector. Despite this better-than-expected performance, we continue to expect construction activity to experience only a mild recovery this year and to stumble beyond 2013. This is primarily because of our downbeat outlook towards all of South Korea's construction sector drivers - namely, weak macro fundamentals for residential buildings, poor export outlook for non-residential buildings, and declining government spending on infrastructure. Key growth drivers over the previous quarter that impact infrastructure development: ? In August 2013, Siemens had completed the Dangjin 3 combined cycle gas-based power plant in August 2013 with GS Engineering & C ...

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