The forecasted labour cost per employee FTE in Italy's footwear sector shows a steady upward trend from 2024 to 2028. In 2023, this cost was at 47.3 thousand euros. Year-over-year increases are consistent, with a 2.08% rise from 2024 to 2025, followed by 1.84% from 2025 to 2026, 1.80% from 2026 to 2027, and 1.77% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecast period is approximately 1.93%.
Future trends to watch for include:
- Potential impacts of technological advancements on labor demands and costs.
- Inflationary pressures that may further drive up labour costs.
- Labour market dynamics, including unemployment rates and skills shortages.
