Wages of construction workers and prices of construction materials for the 4th quarter of 2019


Information from the Statistics and Census Service (DSEC) indicated that the average daily wage of construction workers decreased further by 2.4% quarter-to-quarter to MOP698 in the fourth quarter of 2019. The average daily wages of local construction workers (MOP960) and non-resident construction workers (MOP604) dropped by 2.6% and 1.8% respectively quarter-to-quarter.

In terms of occupation, the average daily wages of bricklayers & plasterers (MOP634) and carpenters (MOP816) fell by 8.1% and 3.1% respectively, while the wages of structural iron erectors (MOP758), concrete formwork carpenters (MOP721) and electricians & electrical workers (MOP735) increased by 4.6%, 2.3% and 0.3% respectively.

After discounting the effect of inflation, the wage index of construction workers (86.2) for the fourth quarter of 2019 dropped by 4.0% quarter-to-quarter in real terms, with that of local construction workers (91.3) decreasing by 3.0%. For the whole year of 2019, the average wage index of construction workers (91.9) fell by 7.5% year-on-year in real terms, and that of local construction workers (94.9) dipped by 2.6%.

As regards construction materials, the average price of concrete (MOP990 per cubic metre) in the fourth quarter of 2019 increased by 1.9% quarter-to-quarter, while that of spiral & round reinforcing steel bars (MOP4,999 per tonne) decreased by 2.2%. The price index of construction materials for residential buildings in the fourth quarter edged up by 0.4% quarter-to-quarter to 110.7, with the price indices of sand and aggregate growing by 12.7% and 6.0% respectively; meanwhile, the price index of steel dropped by 2.1%. For the whole year of 2019, the price index of construction materials for residential buildings (110.0) went up by 2.5% year-on-year.



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