In 2023, the number of hours worked in construction services in Italy was recorded at 462.71 million hours. The forecasted data indicates a declining trend in the sector from 2024 to 2028. The hours worked in 2024 are predicted to be 452.24 million, a slight decline from the previous year. This downward trend continues through the years with 443.37 million in 2025, 434.58 million in 2026, 425.89 million in 2027, and 417.28 million in 2028. Year-on-year, the percentage decrease ranges from approximately 1.95% to 2.03%. The Compound Annual Growth Rate (CAGR) over the 5-year period is expected to be around -2.07%, indicative of a consistent decline in labor hours.
Future trends to watch for in this sector include potential impacts from economic policies, shifts towards automation and technology adoption, and the influence of sustainable construction practices. Monitoring changes in the labor market, investment levels in infrastructure projects, and regulatory adjustments will be crucial to understanding and predicting future patterns in construction services.
