In 2023, the labour costs in the wholesale, retail trade, and repair of motor vehicles and motorcycles in Italy stood at approximately 85.3 billion euros. The forecast data from 2024 through 2028 shows a steady upward trend in labour costs with each year witnessing an increase. Specifically, from 2024 to 2025, there is an increase of 1.63%, followed by 1.56%, 1.51%, and 1.46% in the subsequent years. The Compound Annual Growth Rate (CAGR) forecasted for these five years is approximately 1.57% annually, reflecting a moderate increase in labour costs.
Future trends to watch for include:
- The impact of technological advancements influencing labour needs.
- Potential changes in regulatory factors affecting labour policies.
- Economic shifts that could alter investment in the automotive sector.
- Labour market dynamics, such as wage growth and employment rates.
