The wages and salaries in the Italian underwear industry based on actual data have showcased a declining trend from 2013 to 2023, reaching a value of 184.8 million Euros in 2023. This persistent decrease reflects various economic pressures and potential shifts in the market. From 2019, a significant drop occurred in 2020, followed by a partial recovery but the overall trend remained negative. Over the last five years, from 2020 to 2024, the Compound Annual Growth Rate (CAGR) stood at -2.09%, indicating a steady downward trajectory.
Future trends to watch for include:
- A continued but slower decline in wages and salaries with a forecasted average variation per year at a negative 1.43% CAGR from 2024 to 2028.
- Potential impacts of economic policies, labor market adjustments, and technological advancements on productivity and wage structures within the industry.
