The employment in the manufacture of communication equipment sector in Austria is projected to decline in the coming years. Starting at 1.28 thousand full-time equivalents (FTE) in 2024, it is expected to drop to 0.877 thousand FTE by 2028. Looking at the year-on-year variations, the decline in employment is noticeable:
- From 2024 to 2025, the employment decreases by 7.81%.
- From 2025 to 2026, the employment decreases by 8.47%.
- From 2026 to 2027, the employment decreases by 9.54%.
- From 2027 to 2028, the employment decreases by 10.23%.
Over the last five years leading to 2028, the Compound Annual Growth Rate (CAGR) indicates an average annual decrease in employment of -8.64% per year.
Future trends to watch for include increasing automation and technological advancements that may further impact employment negatively. Additionally, shifts in global supply chains and trade dynamics could also play a significant role in shaping this sector.
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