Saudi Industrial Production Index down 0.2% in February

Saudi Arabia’s Industrial Production Index (IPI) fell 0.2% year-on-year (YoY) in February 2025, data issued by the General Authority for Statistics (GASTAT) showed.

 This marks the first decrease since June 2024, following seven consecutive months of growth.

The IPI dropped to 104.82 points in February, according to the base year 2021, compared to 105.06 points in February 2024.

The index was primarily affected by a decline in the mining and quarrying activity.

The IPI measures the relative change in production quantities of materials and goods, tracking their transformation from raw materials to final consumable products for economic returns.

The following table shows the development of the index:

Mining and quarrying activity declined 0.7% YoY in February amid lower oil production in the Kingdom. Oil output reached 8.95 million barrels per day (bpd) in February, down from 9.01 million bpd in the year-earlier period.

The manufacturing activity rose 0.2% YoY, supported by a 3.5% increase in the production of chemicals and chemical products, as well as a notable 6.3% rise in food manufacturing activity.

Moreover, the electricity, gas, steam, and air conditioning supply saw a 1.1% increase, while the water supply, sanitation, waste management, and treatment leapt 13.1% compared to the year-earlier period.