Saudi Arabia’s industrial output fell 23.5% in August
Saudi Arabia’s industrial production index dropped 23.5% year on year in August and 14% month on month, led by weaker mining and manufacturing.
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what happened
Saudi Arabia’s industrial production index fell 23.5% in August from the same month a year earlier, Zawya reported, citing data from the kingdom’s General Authority for Statistics. The decline was driven by weaker activity in mining and quarrying, as well as manufacturing.
The index also decreased 14% from the previous month, with mining, quarrying and manufacturing again weighing on the result. The oil activities index dropped 33.6% year on year in August, while the non-oil activities index rose 1.2%. Compared with July 2026, oil activity declined 21.5% and non-oil activity increased 1.4%.
why it matters
The figures point to a sharp contraction in the oil component of Saudi industrial activity in August, alongside modest growth outside the oil sector. For markets, the data provide an indicator of industrial momentum and the differing performance of oil and non-oil activities in the kingdom.
instruments
sources
- ZAWYA: Saudi industrial production down 23.5% in August, says report — Zawya, 12 October 2026 at 10:41 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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