Wages of construction workers and prices of construction materials for the 3rd quarter of 2019

Information from the Statistics and Census Service (DSEC) indicated that the average daily wage of construction workers decreased by 3.8% quarter-to-quarter to MOP715 in the third quarter of 2019. The average daily wages of concrete formwork carpenters (MOP705), structural iron erectors (MOP725) and bricklayers & plasterers (MOP690) dropped by 12.2%, 11.4% and 9.0% respectively, while the wages of concreters (MOP763) and welders (MOP901) increased by 13.5% and 9.6% respectively. The average daily wage of local construction workers edged down by 0.1% to MOP986, whereas that of non-resident construction workers grew by 3.0% to MOP615.

After discounting the effect of inflation, the wage index of construction workers (89.8) for the third quarter of 2019 dropped by 5.5% quarter-to-quarter in real terms, and that of local construction workers (94.1) fell by 2.4%.

As regards construction materials, the average prices of spiral & round reinforcing steel bars (MOP5,112 per tonne) and concrete (MOP972 per cubic metre) in the third quarter of 2019 increased by 0.7% and 3.8% respectively quarter-to-quarter. The price index of construction materials for residential buildings grew by 0.7% to 110.3, with the price indices of concrete, sand and aggregate rising by 3.8%, 2.9% and 2.7% respectively.

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