The Industrial Production Index (IPI) rose 7.9% y-o-y in June, fueled by broad-based growth in manufacturing, mining and quarrying, utilities, and waste management activities, according to preliminary data (pdf) from the General Authority for Statistics.

Manufacturing was the fastest-growing sector during the month, logging 11.1% y-o-y growth, with the manufacture of chemicals and chemical products increasing 18.7% y-o-y, followed by 15.3% y-o-y growth in the manufacture of petroleum coke and refined petroleum products.

Mining and quarrying also saw a 6% y-o-y increase, with oil production rising to some 9.4 mn bbl / d, up from 8.8 mn bbl / d.

Utilities were on the rise too: The sub-index for electricity, gas, steam, and air conditioning supply activity rose 5.6% y-o-y, while the sub-index for water supply, sewerage, waste management, and remediation activities climbed 6.9% y-o-y.

MEANWHILE- The oil activities index increased 7.7% y-o-y in June, and the non-oil activities index climbed 8.6%.

REMEMBER- Non-oil business activity in the Kingdom hit a three-month high in June on the back of higher demand and new hires. The seasonally adjusted headline figure came in at 57.2 in June, up from 55.8 in May.

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