In 2023, the labour cost per employee in the construction of roads and railways in Italy stood at a value below the forecasted €62.8k for 2024. The costs are expected to rise gradually, reaching €63.6k by 2028. From 2024 to 2028, the year-on-year increase is modest, with the highest annual growth recorded between 2027 and 2028. The compound annual growth rate (CAGR) over this period reflects a steady but slow rise in costs, indicating controlled wage growth in the sector.
Future trends to watch for include:
- Potential impacts of inflation on wage agreements and construction budgets.
- The influence of technological advancements and efficiency improvements on labor costs.
- Changes in demand for infrastructure projects affecting employment and salary levels.