The analysis of wages and salaries in the installation of industrial machinery and equipment sector in Sweden shows a downward trend over the past decade. The series, expressed in million Euros, stood at 83.8 million Euros in 2023. Initially, the sector experienced varied year-on-year changes, with fluctuations such as a significant 12.28% drop in 2014 followed by a modest growth of 5.62% in 2015. However, the overall trend has been negative, especially from 2018 onwards, with consistent declines. The compounded annual growth rate (CAGR) over the last five years was -2.48%, indicative of steady contraction.
The forecast for the next five years continues this declining trend, with an anticipated average annual decrease of 2.2%, culminating in an overall shrinkage of 10.54% by 2028. Future trends to watch for include potential impacts of new industrial technologies, shifts in labor market dynamics, and broader economic conditions which could either exacerbate or mitigate the downward trajectory.
