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أخبار 24
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June industrial output drops 16%
Industrial production in Saudi Arabia declined by 16% in June, affected by reduced activities in mining, quarrying, and manufacturing. This decrease represents one of the largest monthly drops in recent years and reflects a slowdown in industrial output and a general impact on the overall economy, amid ongoing challenges in the industrial sector and declining domestic and global demand. The data also indicate that the decline stems from weak performance in both the oil and non-oil sectors, and it is expected to influence the country's economic growth in the short term.
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