{"id":93275,"date":"2025-01-12T00:00:00","date_gmt":"2025-01-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/12\/saudi-industrial-production-grows-3-4-in-november\/"},"modified":"2025-01-12T00:00:00","modified_gmt":"2025-01-12T00:00:00","slug":"saudi-industrial-production-grows-3-4-in-november","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/12\/saudi-industrial-production-grows-3-4-in-november\/","title":{"rendered":"Saudi industrial production grows 3.4% in November"},"content":{"rendered":"

The local industrial production index grew 3.4% y-o-y in November<\/strong>, driven by an overall increase in manufacturing activity for the second consecutive month<\/a>, according to the General Authority for Statistics\u2019 (Gastat) monthly report (pdf)<\/a>. On a monthly basis, however, the index posted a 2.3% dip. The IPI uses survey data to measure changes in industrial production volumes across the Kingdom.<\/p>\n

The manufacturing sub-index was up 7.2% y-o-y<\/strong> on the back of a 17.6% increase in the manufacture of coke and refined petroleum products, a 1.5% rise in food products and a 1.6% increase in chemicals and chemical products. Manufacturing makes up 35% of the overall IPI, making it the second-heaviest component after oil and minerals. On a monthly basis, the sub-index posted a 3.1% decrease.<\/p>\n

Mining and quarrying activity increased 1.2% y-o-y<\/strong>, as oil production rose to 8.93 mn bbl \/ d, up from 8.82 mn bbl \/ d in 2023. Mining and quarrying sector activity makes up 61.4% of the overall IPI. The subindex also fell 0.5% m-o-m.<\/p>\n

The index for non-oil activities was up 2.4% y-o-y<\/strong> on the back of growth across all non-oil sectors, except for electricity, gas, steam, and air conditioning supply. Meanwhile, the index for oil increased by 3.8% y-o-y.<\/p>\n

IN CONTEXT-<\/strong> Saudi\u2019s non-oil business sector logged its strongest performance<\/a> since July 2023 in November, marking four consecutive months of gains as solid consumer demand drove new orders despite higher cost pressures.<\/p>\n

Utilities had mixed results:<\/strong> The sub-index for electricity, gas, steam, and air conditioning supply activity dropped 2.1% y-o-y, while water supply, sewage, and waste management and remediation activities were up 10.5% compared to the same month in 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

The manufacturing sub-index continues to grow following September slump<\/p>\n","protected":false},"author":1,"featured_media":93276,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2716],"tags":[10,2341,392,2593,87],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam-ksa","tag-industrial-production-index-ipi","tag-manufacturing","tag-non-oil","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"e3834d5a-d611-412e-920b-294e37666a77","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/556.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi industrial production grows 3.4% in November","related_issue":[93270],"teaser":"The manufacturing sub-index continues to grow following September slump","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.54cc653f-41b2-40eb-b681-3beaa6738cf5.mp3"},"yoast_head":"\nSaudi industrial production grows 3.4% in November - 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