The forecast for wages and salaries in the Precious Metals and Non-Ferrous Metals Manufacturing sector in Italy reveals a slight declining trend from 2024 to 2028. Starting at 625.7 million euros in 2024, the figures gradually decrease to 624.3 million euros by 2028. This modest decline indicates a decrease in nominal wage growth, suggesting a stabilization or potential deflationary pressure on wages.
Year-on-year analysis indicates a minor contraction, averaging nearly -0.1% over the forecasted period. Over five years, the compound annual growth rate (CAGR) reflects minimal fluctuation, maintaining a trend of near stability.
Looking ahead, several factors will influence future wage trends:
- Potential shifts in global precious metals demand.
- Italy's macroeconomic conditions affecting labor markets.
- Technological advancements that may redefine labor costs.