Information from the Statistics and Census Service (DSEC) indicates that principal indicators of the construction sector registered a general increase in 2014 owing to the construction of large-scale hotels and entertainment facilities. In particular, the value of construction increased 63.2 per cent year-on-year to MOP78.15 billion, while intermediate consumption rose 60.2 per cent to MOP61.03 billion, and labour costs grew 42.3 per cent to MOP11.35 billion. Gross surplus, which equals value of construction and other receipts less intermediate consumption and labour costs, amounted to MOP6.86 billion, up substantially by 184.8 per cent. Gross value added, that measures the sector’s contribution to the economy, totalled MOP18.21 billion, up 75.4 per cent. Some 2,633 establishments were operating in the construction sector in 2014, a decrease of 136 year-on-year; the number of persons engaged increased by 11,361 to 45,368. Altogether, 1,192 establishments were engaged in construction projects with permits, with 1,441 undertaking simple renovation projects. Analysed by type of construction project, the value of private construction projects grew 76.4 per cent year-on-year to MOP66.88 billion, of which the value of construction of hotels and entertainment facilities (MOP53.34 billion) increased 122.3 per cent, while that of private residential buildings (MOP10.66 billion) dropped 9.6 per cent. On the other hand, the value of public construction works increased 11.6 per cent year-on-year to MOP8.12 billion, of which the value of construction of public housing (MOP2.29 billion) and infrastructure (MOP4.07 billion) rose 5.5 per cent and 9.5 per cent, respectively, and that of land formation and reclamation works (MOP1.37 billion) surged 697.7 per cent; meanwhile, the value of construction of the Light Rapid Transit & roads (MOP1.55 billion) and piers (MOP636 million) decreased 17.2 per cent and 52.9 per cent, respectively.
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