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Wages of Construction Workers and Prices of Construction Materials for 2nd Quarter 2011


Information from the Statistics and Census Service (DSEC) indicated that the average daily wage of construction workers decreased by 10.0% quarter-to-quarter to MOP547 in the second quarter of 2011. The average daily wage of skilled & semi-skilled workers (MOP562) dropped by 10.1%, while that of unskilled workers (MOP356) increased by 1.1%. Analyzed by occupations, average daily wage of electricians & electrical workers (MOP555) and structural iron erectors (MOP604) decreased by 24.5% and 11.0% respectively over the previous quarter; however, wages of plumbers (MOP616) and concrete formwork carpenters (MOP609) increased by 3.5% and 2.7% respectively. After discounting the effect of inflation, wage index of construction workers was 90.6 in real terms in the second quarter of 2011, down by 7.1% quarter-to-quarter. As regards construction materials, price increase of steel decelerated, with the average price of spiral & round reinforcing steel bars rising slightly by 0.7% quarter-to-quarter to MOP5,821 per tonne; moreover, the average price of concrete increased by 8.4% to MOP348 per cubic metre. In the second quarter of 2011, price index of construction materials for residential buildings rose by 0.4% quarter-to-quarter to 156.7; in particular, price indices of steel and concrete increased by 1.1% and 8.4% respectively, while indices of timber and electric wires decreased by 0.1% and 6.8%. Compared with the same quarter of 2010, price index of construction materials for residential buildings registered an increase of 13.3%.



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