The forecast for the wearing apparel labour cost per employee full-time equivalent (FTE) in the UK shows a steady increase from 33.7 thousand Euros in 2024 to 35.4 thousand Euros in 2028. This consistent rise reflects an average annual growth rate, or CAGR, providing an indication of stable cost pressures within the industry. Looking back, in 2023, the cost was slightly lower, indicating an increasing trend in labour expenses.
Future trends to watch:
- The impact of inflation and economic policies on labour costs.
- Technological advancements potentially affecting labour demand and wages.
- The influence of global supply chain dynamics on local apparel labour costs.
