The forecast for labour cost per employee FTE in the Italian jewellery and bijouterie sector shows a slow yet consistent rise from 2024 to 2028. Notably, the labour cost is expected to increase from 42.7 to 43.7 thousand euros over the four-year period. This represents a stable year-on-year growth rate of approximately 0.5% over the last two years. From 2018 to 2028, the compound annual growth rate (CAGR) is modest but steady, affirming the slow growth trajectory observed in recent years.
Future trends to watch for:
- Potential changes in Italy's economic policies which may impact labour costs or employment rates.
- Technological advancements or shifts in production processes that could affect labour demand and costs.
- The influence of global economic conditions on luxury goods demand and related labour market adjustments.
