Wages of Construction Workers and Prices of Construction Materials for the 3rd Quarter 2009

Information from the Statistics and Census Service (DSEC) indicated that the average daily wage of construction workers was MOP523 in the third quarter of 2009, down by 4.4% quarter-to-quarter. The average daily wage of skilled & semi-skilled workers (MOP562) fell by 3.1%, of which structural iron erectors (MOP648), welders (MOP645) and scaffolders (MOP632) were earning higher average wages; meanwhile, the average daily wage of unskilled workers (MOP350) registered a decrease of 0.8%. After discounting the effect of inflation, the wage index of construction workers for the third quarter of 2009 was 97.5 in real terms, down by 1.0% over the previous quarter. As regards construction materials, the average price of spiral and round reinforcing steel bars rebounded by 2.3% quarter-to-quarter to MOP4,217 per tonne, and that of cement increased slightly by 0.5% to MOP653 per tonne; however, the average price of concrete registered a decrease of 5.6%, at MOP304 per cubic metre. In the third quarter of 2009, the price index of construction materials for residential building rose by 3.6% quarter-to-quarter to 125.7, putting an end to three consecutive quarters of decline; in particular, the price indices of steel and electric wires increased by 2.3% and 12.5% respectively, while the price indices of concrete and timber went down by 5.4% and 0.5%. Compared with the same quarter of 2008, the price index of construction materials for residential building registered a decrease of 20.1%.

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