The industrial production index in Saudi Arabia increased by 8.6% in November

Today, Tuesday, the data of the General Authority for Statistics in Saudi Arabia showed that the industrial production index increased by 8.6% in November of 2022, compared to the same month of 2021.

The Authority stated, in a statement, that the index continued to achieve positive growth trends as a result of the increase in production in the mining and quarrying activity, and the manufacturing activity.

And she explained that in view of the long term, it can be noted that the growth of the industrial production index may become positive since May 2021, after a series of months that witnessed negative growth rates in 2019 and 2020, partially affected by the effects of the global epidemic.

The relative importance of mining and quarrying activities, manufacturing industry and electricity and gas supply was 74.5%, 22.6% and 2.9%, respectively.

Therefore, the industrial production index trends in mining and quarrying activity dominate the general trend in the industrial production index.

Production in mining and quarrying activity increased by 5.7% in November 2022, compared to the same month in 2021, as Saudi Arabia’s oil production reached more than 10 million barrels per day in November 2022.