The European Metallurgy Machinery sector showed varied wage trends in 2023. Italy led with the highest wages, growing by 1.39%, followed by steady increases in Germany and Austria. The Czech Republic and Slovenia also saw significant growth, exceeding 3%. Conversely, France and Sweden experienced substantial declines, with France recording a marked drop of 24.7%. The UK and Romania faced reductions too. Denmark showed an exceptional rise of 10.76%. Over five years, the sector’s CAGR points to modest growth mainly in Central and Eastern Europe, while some Western European countries grapple with reductions.
Looking forward, expect growth in Central and Eastern Europe driven by industrial advancements, while wage stagnation or decline may persist in more mature Western European markets. Emerging technologies and regulatory changes could further influence trends.
Top countries in Metallurgy Machinery Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 605.7 | 2023 | +2.33% | +1.39% | View data |
| 2 | 2 Germany | 578.2 | 2023 | -0.41% | +0.75% | View data |
| 3 | 3 Austria | 153.9 | 2023 | +0.98% | +2.03% | View data |
| 4 | 4 Spain | 102.9 | 2023 | +1.28% | +1.44% | View data |
| 5 | 5 Czech Republic | 35.9 | 2023 | +4.97% | +3.74% | View data |
| 6 | 6 Slovenia | 27.9 | 2023 | +2.95% | +3.14% | View data |
| 7 | 7 United Kingdom | 18.6 | 2023 | -4.12% | -5.05% | View data |
| 8 | 8 Romania | 11.7 | 2023 | +2.63% | -4.4% | View data |
| 9 | 9 Sweden | 10.7 | 2023 | -4.46% | -6.47% | View data |
| 10 | 10 France | 9.1 | 2023 | -34.53% | -24.7% | View data |
