CHINA Macao's construction sector records 6.68 bln USD revenue in 2019

CHINA

Macao's construction sector records 6.68 bln USD revenue in 2019

Xinhua

20:41, October 16, 2020

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File photo: VCG

MACAO, Oct. 16 (Xinhua) -- The revenue of Macao's construction sector decreased by 2.3 percent year-on-year to 53.29 billion patacas (about 6.68 billion U.S. dollars) in 2019, the special administrative region's statistic service said on Friday.

The latest report from the Statistics and Census Service (DSEC) indicated that the expenditure of the sector dipped by 3.0 percent year-on-year to 48.49 billion patacas (about 6.07 billion dollars), of which intermediate consumption fell by 3.9 percent while labor cost rose by 0.8 percent.

As expenditure showed a greater decline than receipts, the gross surplus of the sector went up by 5.5 percent to 4.80 billion patacas (about 601.36 million dollars).

Besides, the gross value added that measures the sectoral contribution to the economy grew by 2.4 percent to 13.87 billion patacas (about 1.74 billion dollars).

A total of 3,905 establishments were operating in the construction in 2019, an increase of 550 year-on-year. Among them, 1,403 were engaged in construction projects with permits and 2,502 were engaged in simple renovation projects.

The total number of people engaged in the sector rose by 1,785 year-on-year to 42,816. 

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