The forecast for Italy's Electrical Equipment sector indicates a gradual decline in hours worked from 2024 to 2028. In 2023, the actual hours worked stood at a higher value, indicating a downward trend in the forecast period. Specifically, hours worked are forecasted to decrease annually by approximately 0.2% from 2024 to 2028.
Future trends to watch for:
- Potential impact of automation and technological advancements on workforce demand.
- Economic conditions and policy changes that may alter industrial output.
- Global supply chain shifts affecting the electrical equipment sector.