Saudi Arabia's Industrial Production Declines 23.5% in August

Saudi Arabia's industrial production index experienced a significant decline of 23.5% in August compared to the same month last year, according to data from the General Authority for Statistics. This downturn was largely attributed to reductions in mining, quarrying, and manufacturing activities.

In August, the index also recorded a monthly drop of 14%. The index for oil activities plummeted by 33.6% year-on-year, while non-oil activities saw a modest increase of 1.2%. In comparison to July 2026, there was a 21.5% decline in oil activities and a 1.4% rise in non-oil activities.