Saudi industrial output down 23.5% in August
Industrial production in Saudi Arabia declined by 23.5% in August 2026 year-on-year, marking the largest decrease since July, due to a sharp downturn in the oil sector, which saw a 33.66% drop in production during the month. This decline resulted from decreased oil and gas extraction activities and refinery operations. Conversely, non-oil activities experienced a slight rise of 1.2%, although some sectors such as manufacturing registered declines, and growth in certain facilities slowed down. This downturn reflects a deterioration in oil-related industrial performance, amidst mixed results in non-oil activities that were unable to fully offset the oil decline.
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