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Construction workers’ wages on the rise

Official figures show that the price index of construction materials for residential buildings in 2017 Q2 was stable

Construction sector salaries stayed buoyant in the city, data from the government indicated yesterday. ‘After discounting the effect of inflation, the wage index of construction workers for the second quarter of 2017 increased by 5.1 per cent quarter-to-quarter in real terms, and that of local construction workers (137.4) went up by 3.2 per cent,’ the Statistics and Census Service (DSEC) said.
The office informed that the average daily wage of construction workers increased by 6.0 per cent quarter-to-quarter, reaching MOP880 in the second quarter.
The average daily wage of local construction workers rose by 4.4 per cent, reaching MOP1,091, while that of non-resident construction workers increased 3.3. per cent quarter-to-quarter, to MOP775 (See Table 1 for average wage breakdown by occupation).
The statistics office also revealed that the average daily wage for skilled and semi-skilled workers, at MOP884, went up by 6 per cent quarter-to-quarter. The increase was due to a ‘significant increase of 28 per cent in the average daily wage of carpenters (MOP1,309) as interior renovation of some large-scale entertainment facilities drove up the demand,’ noted the service.
Regarding construction materials, the average price of concrete increased 1.8 per cent quarter-to-quarter, reaching to MOP797 per cubic metre. Price per tonne of spiral & round reinforcing steel bars fell by 7.8 per cent quarter-to-quarter, to MOP4,231, according to the data (See Table 2 for average price of construction materials).

Source: DSEC