The labour cost per employee FTE in the construction of roads and railways in the UK demonstrated a forecasted decline from 45.6 thousand euros in 2024 to 43.1 thousand euros by 2028, representing a year-on-year decrease of approximately 1.48% over the period. In 2023, the labour cost was higher, standing at 46.2 thousand euros, which marks the beginning of this downward trend. Over the five-year period, the compound annual growth rate (CAGR) indicates a consistent reduction in costs, averaging a decrease of around 1.58% per year.
Future trends to watch for include potential impacts of technological advancements, government infrastructure investments, and regulatory changes that may influence labour productivity and costs. Additionally, shifts in economic conditions such as inflation and workforce availability could further affect labour cost dynamics.
