In 2023, the Wearing Apparel sector in Italy employed an estimated 197,000 individuals. From 2024 to 2028, a forecasted decline is evident, with employment reducing from 195.42 thousand to 188.6 thousand, translating to a year-on-year decrease of approximately 0.89% to 0.94%. Over the five-year forecast, the compound annual growth rate (CAGR) is about -0.86%, indicating a steady decline in employment within this sector.
Future trends to watch for include:
- Sustainability shifts leading to improved efficiency, potentially impacting employment.
- Technological advancements, such as automation, possibly reducing the need for manual labor.
- Market demand fluctuations influenced by global trade policies and consumer preferences.