Macao Statistics and Census Bureau: The real wage index for construction workers in Q1 increased by 0.7% compared to the previous quarter after excluding the impact of inflation.

On May 2, data from the Statistics and Census Bureau of Macao showed that the real wage index of construction workers, adjusted for inflation, in the first quarter of 2025 increased by 0.7% compared to the fourth quarter of 2024; while the price index of building materials for residential buildings decreased by 0.2% during the same period. In terms of major occupational categories, the real wage index of painters increased by 3.7% on a quarterly basis, while ironworkers, masons and plasterers, and fire equipment installers saw increases of 1.8%, 1.6%, and 1.3% respectively; however, welders, ironworkers, and formwork carpenters saw decreases of 7.5%, 4.6%, and 3.5% respectively. As for building material prices, the price indices of concrete, timber, and steel decreased by 0.7%, 0.5%, and 0.1% respectively in the first quarter, while the prices of sand and gravel increased by 0.3% and 0.1% respectively. The average price of deformed bars (MOP 5302 per ton) increased by 0.1% on a quarterly basis, while the price of concrete (MOP 1077 per cubic meter) decreased by 0.6%.