Industrial production in Saudi Arabia rose by 8.6% year-on-year in November of 2022, slowing sharply from a 14.1% gain in the prior month while marking the 19th-month running of growth. The latest reading pointed to the softest pace in industrial output since October 2021, with mining and quarrying output slowing considerably (5.7% vs 12.0% in October) as Saudi Arabia increased its oil production to more than 10 million barrels per day. Also, manufacturing activity growth moderated further (19.7% vs 23.2%). At the same time, electricity and gas supplies plunged (-10.9% vs -1.8%). Compared to the prior month, industrial output declined by 3.0% in November, shifting from a 0.3% rise in October. source: Central Department of Statistics and Information
Industrial Production in Saudi Arabia averaged 2.79 percent from 1963 until 2022, reaching an all time high of 26.70 percent in April of 2022 and a record low of -24.90 percent in December of 1982. This page provides - Saudi Arabia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Industrial Production in Saudi Arabia is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Industrial Production is projected to trend around 3.50 percent in 2024 and 3.00 percent in 2025, according to our econometric models.