In 2023, the labour cost per employee FTE in the luggage, handbags, saddlery, and harness sector in Italy was [insert 2023 value here]. From 2024 to 2028, the forecasted data indicate a steady annual rise in costs from 48.5 to 52.0 thousand Euros. This demonstrates year-on-year increases of approximately 1.9%, 1.8%, 1.6%, and 1.8%, respectively, for 2025 to 2028. The compounded annual growth rate over the five-year period is approximately [insert CAGR value here].
Looking ahead, key trends to monitor include:
- Potential economic policy changes impacting labour costs.
- The influence of technological advancements on workforce productivity.
- Market demand fluctuations in luxury and fashion sectors.
