Information from the Statistics and Census Service (DSEC) indicated that principal indicators of the Construction Sector registered general increase in 2014 owing to the construction of large-scale hotels and entertainment facilities. In particular, Value of Construction increased by 63.2% year-on-year to MOP78.15 billion, Intermediate Consumption rose by 60.2% to MOP61.03 billion, and Labour Cost grew by 42.3% to MOP11.35 billion. Gross Surplus, which equals Value of Construction and Other Receipts less Intermediate Consumption and Labour Cost, amounted to MOP6.86 billion, up substantially by 184.8%. Gross Value Added that measures the sectoral contribution to the economy totalled MOP18.21 billion, up by 75.4%. A total of 2,633 establishments were operating in the Construction Sector in 2014, a decrease of 136 year-on-year; number of persons engaged increased by 11,361 to 45,368. There were 1,192 establishments engaging in construction projects with permits and 1,441 undertaking simple renovation projects. Regarding construction projects with permits, Value of Construction (MOP75.00 billion), Intermediate Consumption (MOP59.15 billion) and Gross Value Added (MOP16.90 billion) increased by 65.9%, 62.3% and 81.6% respectively year-on-year on account of the construction of large-scale hotels and entertainment facilities by gaming enterprises in CoTai. Gross Surplus surged by 205.6% to MOP6.57 billion; Gross Fixed Capital Formation totalled MOP265 million, down by 15.6%. Analysed by type of construction projects, value of private construction projects grew by 76.4% year-on-year to MOP66.88 billion, of which value of construction of hotels and entertainment facilities (MOP53.34 billion) increased by 122.3%, while that of private residential buildings (MOP10.66 billion) dropped by 9.6%. On the other hand, value of public construction works increased by 11.6% year-on-year to MOP8.12 billion, of which value of construction of public housing (MOP2.29 billion) and infrastructures (MOP4.07 billion) rose by 5.5% and 9.5% respectively, and that of land formation and reclamation works (MOP1.37 billion) surged by 697.7% due to the land reclamation projects in progress; meanwhile, value of construction of Light Rapid Transit & roads (MOP1.55 billion) and piers (MOP636 million) decreased by 17.2% and 52.9% respectively. Analysed by location, a total of 946 construction projects were carried out in the Macao Peninsula and Value of Construction (MOP11.10 billion) increased by 94.4% year-on-year; moreover, 80 projects were in CoTai with Value of Construction (MOP49.92 billion) rising by 109.9%, and 103 projects were in Coloane with Value of Construction (MOP7.39 billion) dropping by 21.6%. As regards simple renovation projects, Value of Construction (MOP3.15 billion), Intermediate Consumption (MOP1.88 billion) and Gross Value Added (MOP1.31 billion) increased by 17.6%, 14.0% and 21.7% respectively year-on-year in 2014; Gross Surplus rose by 12.3% to MOP293 million.
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