Opten: the domestic food industry is stagnating

According to Opten, the Hungarian food industry is stagnating. According to the data, the growth in the sector has stopped both in terms of revenues and the number of employees – the Opten business information provider told MTI on Thursday.

More than 5,000 food businesses are operating in Hungary, with an almost 3 trillion HUF revenue and 92 thousand employees. It is one of the most important manufacturing sector.

According to the communication steadily increasing price revenue trend seems to stagnate; Sector revenues increased by 3-5 percent between 2011 and 2014, but the 2015 data has not increased, compared to the 2014 level, while the current staff data is still unchanged for almost a year. (MTI)