Based on the given forecast data, the construction services sector in Austria is expected to see consistent annual growth in employment numbers from 2024 to 2028. Here are the year-on-year (YoY) variations in percentage:
- 2024-2025: (101.16 - 99.92) / 99.92 * 100 = 1.24%
- 2025-2026: (102.39 - 101.16) / 101.16 * 100 = 1.21%
- 2026-2027: (103.61 - 102.39) / 102.39 * 100 = 1.19%
- 2027-2028: (104.82 - 103.61) / 103.61 * 100 = 1.17%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is calculated as follows:
- CAGR: ((104.82 / 99.92)^(1/4) - 1) * 100 = 1.20%
Future trends to watch for include increased demand for skilled labor, advancements in construction technology, and potential economic fluctuations impacting labor demand. These factors can significantly influence employment numbers and trends in the construction services sector.
