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Wages of construction workers and prices of construction materials for the 3rd quarter of 2022

Information from the Statistics and Census Service (DSEC) indicated that the average daily wage of construction workers increased by 1.3% quarter-to-quarter to MOP805 in the third quarter of 2022. The average daily wages of local workers (MOP992) and non-resident workers (MOP723) went up by 1.6% and 0.6% respectively.

In terms of main occupations, the average daily wages of concrete formwork carpenters (MOP793), structural iron erectors (MOP801) and electricians & electrical workers (MOP892) rose by 6.3%, 4.6% and 3.4% respectively quarter-to-quarter, while the wages of painters (MOP819), air-conditioning mechanics (MOP940) and water/gas pipe installers (MOP822) fell by 3.8%, 3.4% and 1.0% respectively.

After discounting the effect of inflation, the real wage index of construction workers (97.4) in the third quarter of 2022 rose by 1.2% quarter-to-quarter, with that of local construction workers (99.3) increasing by 2.9%.

As regards construction materials, average price of spiral & round reinforcing steel bars (MOP6,273 per tonne) in the third quarter of 2022 decreased by 6.7% quarter-to-quarter, while that of concrete (MOP1,098 per cubic metre) increased by 0.7%. The price index of construction materials for residential buildings dropped by 1.3% quarter-to-quarter to 125.2, with the price indices of marble, steel and aggregate falling by 13.4%, 6.0% and 3.5% respectively.

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