The Industrial Production Index (IPI) rose 8.9% y-o-y in October, supported by growth across mining and quarrying, manufacturing, and utilities, according to preliminary data (pdf) from the General Authority for Statistics.

The mining and quarrying sector recorded the strongest performance, rising 11.5% y-o-y during the month as the Kingdom’s oil output increased to 10 mn bbl / d, up from 8.9 mn bbl / d in October 2024.

Manufacturing activity followed, with a 5.5% y-o-y increase, driven by an 8% rise in the manufacture of coke and refined petroleum products and an 8.1% uptick in the manufacture of chemicals and chemical products. The sub-index of electricity, gas, steam, and air conditioning supply grew 5.1% y-o-y during the month, while the sub-index of water supply, sewage, waste management, and remediation activities increased 8.5% y-o-y.

MEANWHILE- The oil activities index climbed 10.8% y-o-y in October, while the non-oil activities index posted a 4.4% y-o-y increase.

REMEMBER- The Kingdom’s non-oil private sector extended its expansion in October, with the PMI’s seasonally adjusted headline figure hitting 60.2, marking the fastest level since January and the second-fastest level since September 2014.

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