According to the latest data published by the Hungarian Central Statistical Office (KSH), the upward trend in industrial output has continued in 2017. Last week at a board meeting of the Association of Hungarian Pharmaceutical Manufacturers (MAGYOSZ), Minister for National Economy Mihály Varga said that besides the motor vehicle industry the pharma industry was a major growth engine of the Hungarian economy. Producer prices in the sector have also picked up concurrently with surging industrial sector output. In December 2017, producer prices grew by 3.9 percent year-on-year, while in the year 2017 they were up by 3.3 percent compared to the level of the previous year.

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(Ministry for National Economy)