{"id":94280,"date":"2025-02-11T00:00:00","date_gmt":"2025-02-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/11\/saudi-industrial-production-up-2-1-y-o-y-in-december\/"},"modified":"2025-02-11T00:00:00","modified_gmt":"2025-02-11T00:00:00","slug":"saudi-industrial-production-up-2-1-y-o-y-in-december","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/11\/saudi-industrial-production-up-2-1-y-o-y-in-december\/","title":{"rendered":"Saudi industrial production up 2.1% y-o-y in December"},"content":{"rendered":"

The i<\/strong>ndustrial production index (IPI) grew 2.1% y-o-y in December<\/strong>, marking the third consecutive month of an overall increase in manufacturing activity, according to a monthly report (pdf)<\/a> from the General Authority for Statistics (Gastat). On a monthly basis, the index posted a 1.3% increase. The IPI uses survey data to measure changes in industrial production volumes across the Kingdom.<\/p>\n

The manufacturing sub-index was up 6.3% y-o-y<\/strong> on the back of a 9.3% increase in the manufacture of pet coke and refined petroleum products, and a 4.8% rise in chemicals and chemical products. Manufacturing makes up 35% of the overall IPI, making it the second-heaviest component after oil and minerals. The sub-index also rose 5.1% m-o-m.<\/p>\n

Mining and quarrying activity declined 0.4% y-o-y<\/strong> as oil production dipped to 8.91 mn bbl \/ d, down from 8.94 mn bbl \/ d in 2023. The mining and quarrying sector activity makes up 61.4% of the overall IPI. The sub-index also fell 0.2% m-o-m.<\/p>\n

The index for non-oil activities was up 4.0% 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 1.3% y-o-y.<\/p>\n

IN CONTEXT- December saw non-oil sector growth slow down for the first time since <\/strong>August<\/strong>, despite a record increase<\/a> in sales and new orders. This followed the sector\u2019s strongest performance in November<\/a>.<\/p>\n

Utilities had mixed results<\/strong>: The sub-index for electricity, gas, steam, and air conditioning supply activity dropped 1.9% y-o-y in December, while water supply, sewage, and waste management and remediation activities were up 0.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"

The manufacturing sub-index continues to grow following a September slump<\/p>\n","protected":false},"author":1,"featured_media":94281,"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-94280","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":"8360cdfa-a038-49ac-ada4-d012718789b7","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1233.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi industrial production up 2.1% y-o-y in December","related_issue":[94273],"teaser":"The manufacturing sub-index continues to grow following a September slump","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.a7e51b77-e8a0-4095-bc16-9356a04e063c.mp3"},"yoast_head":"\nSaudi industrial production up 2.1% y-o-y in December - 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