Business · Economy · 14 hrs ago
Saudi industrial output falls 23.5% as non-oil activity grows
Saudi Arabia’s overall industrial production fell 23.5% in August compared with a year earlier.
The decline was driven mainly by mining and quarrying, where output fell 35.8%.
Oil activity dropped 33.6%, while non-oil industrial activity grew 1.2%.
Manufacturing output fell 8.8%, but electricity and related supply activity and water and waste services increased.
The figures come as conflict between the United States and Iran disrupts oil production and shipping across the Middle East, according to the report.
The industrial production index tracks output across mining, manufacturing, utilities, water and waste services, and the figures do not give a forecast for what happens next.
Saudi Arabia’s Industrial Production Index fell 23.5 percent year on year in August, to 87.1.
Mining and quarrying output contracted by 35.8 percent year on year, driving much of the decline.
Non-oil industrial activities grew 1.2 percent year on year, despite the overall contraction.
Manufacturing output decreased 8.8 percent year on year, including a 24.1 percent decline in coke and refined petroleum products.
The report linked disruption to oil production and shipping from the US-Iran conflict to restrictions on key regional export routes.
- Who
- Saudi Arabia’s industrial sector, as measured by the General Authority for Statistics.
- What
- The Industrial Production Index fell 23.5 percent year on year, while non-oil industrial activities grew 1.2 percent.
- When
- August 2026.
- Where
- Saudi Arabia.
- Why
- The decline was driven largely by a 35.8 percent contraction in mining and quarrying output. The article also cited disruption to oil production and shipping.
This story does not have two clearly opposing sides.
The sub-index of electricity, gas, steam, and air conditioning supply activity increased by 9.4 percent, while the sub-index of water supply, sewerage, and waste management and remediation activities increased by 7.4 percent compared to August of the previous year.
The Industrial Production Index stood at 101.3.
The index fell to 87.1, down 23.5 percent year on year and 14 percent from July.
Arab News reported the figures, citing preliminary data from the General Authority for Statistics.
- Industrial Production Index
- 87.1 in August
- Year-on-year index change
- Down 23.5 percent
- Mining and quarrying
- Down 35.8 percent year on year
- Non-oil industrial activities
- Up 1.2 percent year on year
- Manufacturing sub-index
- Down 8.8 percent year on year
- Coke and refined petroleum products
- Down 24.1 percent year on year
Sources
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