Business · Economy · 21 hrs ago

Saudi industrial production fell 23.5% in August

Saudi industrial production fell 23.5% in August

Saudi Arabia’s industrial production index fell 23.5% in August compared with the same month a year earlier.

The index tracks changes in the volume of output across industries including mining, manufacturing, utilities and water services.

Mining and quarrying fell 35.8% year on year, while manufacturing dropped 8.8%.

Oil-related activity declined 33.6%, but non-oil activity increased 1.2%.

The fall in manufacturing included a 24.1% decline in production of coke and refined petroleum products.

Electricity, gas and air-conditioning supply rose 9.4%, and water and waste services rose 7.4%.

The overall index was also down 14% from July, while non-oil activity rose 1.4% month on month.

Sources

Related news