Information from the Statistics and Census Service showed that in the fourth quarter of 2007, prices of most of the construction materials increased over the previous quarter, in which the average price of spiral and round reinforcing steel bars rose by 14.1% to MOP5,209 per tonne, while that of clamping plate (plywood) went up by 5.0%; nevertheless, the price of concrete continued to decline, down from around MOP300 per cubic metre at the beginning of 2007 to MOP278 at year end. The construction material price index is an indicator that reflects the price change of the major construction materials. In the fourth quarter of 2007, price indices of most of the construction materials registered increases compared with the previous quarter. Among them, the index of steel has seen quarterly rise since the beginning of 2007, with an annual increment of 46.1% from a year earlier; the index of concrete has dropped constantly starting from the third quarter of 2006, while the index of timber kept on increasing in both 2006 and 2007.
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