The Italian textiles, wearing apparel, and leather products manufacturing sector is projected to experience a steady decline in employment numbers from 2024 to 2028. Starting at 399.3 thousand jobs in 2024, there is an anticipated annual decrease of these jobs, culminating in 376.3 thousand jobs by 2028. The year-on-year decrease from 2024 to 2028 is consistent at approximately 1.5%. The compound annual growth rate (CAGR) reflects a continued downturn, consistent with trends observed in recent years leading up to this period.
Future trends to watch for include:
- Impact of automation and technological advancements on job reductions.
- Potential shifts in global trade policies affecting exports and imports.
- Sustainability and innovation driving new job opportunities within the sector.
- Economic recovery pace post-pandemic and its effect on consumer demand.
