SCAD issues its monthly report on prices of building materials for February 2013
- United Arab Emirates: Monday, March 11 - 2013 at 17:06
- PRESS RELEASE
Statistics Centre - Abu Dhabi (SCAD) issued its monthly report on the prices of building materials for the month of February 2013. The report presents an analysis of the movements in the prices of the various materials used in the construction industry in Abu Dhabi retail market, comparing February 2013 prices with those of January 2013 and February 2012.
Building materials prices: February/January 2013
Compared with January 2013, building materials price rises in January 2013 ranged between 0.1% for 'Wires for small building' and 4.0% for 'Bathroom set without accessories', while price falls ranged between 0.5% for 'Wires for residential towers' and 7.0% for 'Construction labour costs'.
Construction labour costs
According to SCAD's report, average 'construction labour costs' declined by 7.0% in February compared with January 2013, reflecting falls in wages, ranging from 4.0% for 'Drivers' to 12.5% for 'Helpers'.
As SCAD's report finds, the average prices of 'Bathroom sets without accessories' and 'Stainless sink with mixer' subgroups increased by 4.0% each, during January 2013, while the average prices of the 'Bathroom sets with accessories' 'subgroup remained unchanged in February 2013 compared with January 2013.
The average prices of the 'Glass' group advanced 1.4% in February compared with January 2013.
The average prices of the 'Steel' group declined by a slight 0.7% in February 2013 compared with the previous month.
The 'Waterproofing Products' group prices edged up 0.7% in February 2013 compared with January 2013.
The average prices of 'Power cable' increased by a slight 0.2% MoM in February 2013, as a result of increases in all items within this group.
The average price of the Paints group decreased by 1.7% in February 2013 compared with January 2013, as a result of decrease in the price of 'Mamorex Fenomastic Plastic Emulsion/U.A.E' by 10.0%.
Building materials prices: February 2013/2012
Lower prices were recorded for 13 groups of building materials during February 2013 compared with February 2012. Decreases ranged between 1.0% for '(PVC) Pipes' and 15.1% for 'Residential tower wires'.
According to SCAD's monthly report, the average prices of 'Wires' retreated significantly in February 2013 compared with February 2012. Price falls in this group were led by 'Wires for residential towers', which tumbled 15.1%, followed by 'Wires for apartments' (down 11.1%) and 'Wires for small buildings' (down 6.6%).
The average prices of 'Concrete' decreased by 6.2% in February 2013 compared with February 2012.
Construction labour costs
Average 'Construction labour costs' declined 10.0% in February 2013 compared with February 2012 reflecting lower wages for most of the trades under this group, except for 'Electricians' and 'Surveyors', for whom wages remained generally stable compared with February 2013.
Aggregates and sand
SCAD reported a fall of 3.6% in the average YoY price of 'Aggregates and sand' in February 2013. Price falls within this group ranged between 3.4% and 9.1% compared with February 2012.
Rises in building materials prices in February 2013 compared with February 2012
The average prices of the 'Glass' group increased by 14.7% in February 2013 compared with February 2012.
As SCAD's report finds, the average prices of 'Bathroom sets without accessories' and 'Bathroom sets with accessories' subgroups increased by 14.6% and 9.0% YoY respectively, during February 2013, while the average prices of the 'Single bowl stainless steel sinks with mixer' subgroup decreased by 1.0% compared with February 2012.
Construction labour costs
Average 'Construction labour costs' increased by 6.9% in January 2013 compared with January 2012 reflecting increases in the range of 11.1% to 16.7% in most of the items falling under this group during the period under review.
The average price 'Waterproofing products' increased by 7.9% in February 2013 compared with February 2012, as most items in the group recorded increases in the range of 2.7-25.0%.
SCAD's report monitors the prices of 21 groups of building materials
SCAD's monthly report of building materials prices report surveys the prices of 21 groups of commodities and services that represent the most important materials used in the construction activity, including cement, aggregate, sand, wood, steel, concrete, cement blocks, etc.
SCAD has published this report since 2008. The report data are collected by the Centre's field staff on a monthly basis, in line with the directives of the emirate's leadership for the development of economic sectors and support of their stability in all areas of interest to decision makers, policy planners, researchers, etc.
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