Forecast: Rusks, Biscuits, Preserved Pastry Goods and Cakes Labour Cost Per Employee FTE in Italy

In 2023, the labor cost per employee FTE in the Italian rusks, biscuits, preserved pastry goods, and cakes industry was significantly lower than the forecasted 2024 value of 60.0 thousand euros. From 2024 to 2028, the labor cost is projected to increase steadily, reaching 64.5 thousand euros in 2028. The year-on-year variations suggest a consistent growth in labor costs, with an annual increase rate of approximately 1.8%. The compound annual growth rate (CAGR) over the five-year forecast period is about 1.82%, indicating moderate but continuous inflation in labor costs.

Future trends to watch for include:

• Automation and digitalization may mitigate rising labor costs by enhancing efficiency.
• Potential shifts in consumer preferences could influence production methods and labor needs.
• Economic conditions and labor market trends in Italy, such as wage policies and regulations, will impact future labor costs.