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Kingdom's Industrial Output Dips 23.5%
The preliminary results indicate that Saudi Arabia's industrial production index decreased by 23.5% in August 2026 compared to the same period last year, due to a decline in mining, quarrying, and manufacturing activities. The index also saw a monthly decline of 14% for the same reasons. Oil-related activities fell by 33.6% year-on-year, while non-oil activities increased by 1.2%. Additionally, the electricity and water sectors experienced growth of 9.4% and 7.4%, respectively, whereas mining activities saw a significant decline of 35.8% year-on-year.
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