Saudi industrial production index rises 8.6% in November

Production line in a factory

Saudi Arabia’s Industrial Production Index (IPI) rose 8.6% year-on-year (YoY) in November 2022.

Data issued by the General Authority for Statistics (GASTAT) shows that Saudi IPI rose to 134.83 points in November 2022, according to the base year 2010, compared to 124.20 points in the year-ago period.

The index continued to achieve positive growth trends as a result of higher production in mining, quarrying and manufacturing activity, the authority said.

The Industrial Production Index (IPI) measures the relative change and reflects the production quantities of materials and goods, which have been converted from raw materials to consumables in their final form as goods, for the purpose of achieving a monetary return.

The following table shows the development of the index:

The mining and quarrying activity rose by 5.7% YoY as the Kingdom’s oil production reached more than 10 million barrels per day in November.

The manufacturing activity recorded a 19.7% YoY increase, while the electricity and gas supply activity fell by 10.9% YoY.

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