Forecast: Office Furniture and Shop Furniture Labour Cost Per Employee FTE in the UK

The forecast for labour cost per Full-Time Equivalent (FTE) in the UK's office and shop furniture sector shows a slight year-on-year decline from 2024 to 2028. In 2023, the labour cost was approximately 30.7 thousand Euros per FTE. From 2024 onwards, it is expected to decrease annually, resulting in a Compound Annual Growth Rate (CAGR) indicating negative growth over the five-year period.

Future trends to watch for include:

  • Economic conditions affecting labour costs and demand.
  • Impact of automation reducing labour needs.
  • Global supply chain disruptions influencing domestic production incentives.

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