June industrial output falls 16.3 percent
The Saudi Industrial Production Index decreased by 16.3% in June 2026 compared to the same month of the previous year, primarily due to a decline in mining, quarrying, and manufacturing activities. Meanwhile, the index rose by 4.3% on a monthly basis compared to May 2026. The mining index experienced a year-on-year decline of 27.0%, but increased by 5.1% month-over-month. The manufacturing index fell by 2.3% annually, yet grew by 1.8% monthly, supported by a 3.1% increase in the production of coke and petroleum products and a 1.7% rise in chemicals. The electricity and utilities sector saw annual and monthly increases of 2.8% and 25.4%, respectively, while water supply and waste management grew by 6.0% annually and 3.9% monthly. Regarding economic activities, the oil sector declined by 23.2% year-over-year but increased by 4.6% compared to the previous month. Non-oil activities experienced a slight growth of 0.1% annually and 3.7% month-over-month.
Notice: This Is an AI-Generated Summary
Comments (0)