Wages of construction workers and prices of construction materials for the 4th quarter of 2018
Information from the Statistics and Census Service (DSEC) indicated that the average daily wage of construction workers decreased continuously, down by 1.4% quarter-to-quarter to MOP752 in the fourth quarter of 2018. The average daily wage of non-resident construction workers (MOP622) dropped by 1.9%, while that of local construction workers (MOP986) rose by 1.6% quarter-to-quarter.
In terms of occupation, the average daily wages of bricklayers & plasterers (MOP676), structural iron erectors (MOP772), air-conditioning mechanics (MOP832) and painters (MOP718) decreased by 4.0%, 2.6%, 2.3% and 1.9% respectively; meanwhile, the average daily wage of aluminium/glass installers (MOP812) increased by 2.5%.
After discounting the effect of inflation, the wage index of construction workers (96.7) for the fourth quarter of 2018 decreased by 2.9% quarter-to-quarter in real terms, while that of local construction workers (98.6) rose by 1.8%. For the whole year of 2018, the average wage index of construction workers (99.3) fell by 7.5% year-on-year in real terms, and that of local construction workers (97.4) dropped by 7.2%.
As regards construction materials, the average prices of concrete (MOP872 per cubic metre) and spiral & round reinforcing steel bars (MOP4,667 per tonne) in the fourth quarter of 2018 decreased by 0.5% and 1.6% respectively quarter-to-quarter. The price index of construction materials for residential buildings in the fourth quarter went up by 0.2% quarter-to-quarter to 108.8, and that for 2018 grew by 4.6% year-on-year to 107.3.