The forecast for labour costs per employee in the structural metal products sector in Germany shows a steady upward trend from 49.2 thousand Euros in 2024 to 52.5 thousand Euros in 2028. Year-on-year, this translates to moderate growth of approximately 2% per annum. The compound annual growth rate (CAGR) over the five-year period is projected to be around 1.6%. Importantly, this series expresses future projections and starts with the actual baseline from 2023, which is 48.4 thousand Euros.

Future trends to watch for include:

Impact of inflationary pressures and wage negotiations on labour costs.
Influence of automation and advanced manufacturing on workforce demand and cost structure.
Shifts in labor market dynamics post-2023, including population demographics and policy changes affecting the sector.