The forecast for hours worked in Italy’s precious and non-ferrous metals manufacturing indicates a steady decline from 2024 to 2028. Starting at 27.357 million hours in 2024, the figures decrease to 24.831 million hours by 2028. Year-on-year drops between 2025 and 2028 highlight the downward trend, with a consistent reduction in the hours worked annually. The compound annual growth rate (CAGR) over this five-year period further underscores the average yearly decrease in labor hours.
Future trends to watch for include technological advancements and automation that may further reduce the necessity for human labor hours. Additionally, shifts in global demand for metals, influenced by environmental policies and economic conditions, will be critical in shaping labor requirements in this sector.
