{"id":95156,"date":"2025-03-11T00:00:00","date_gmt":"2025-03-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/industrial-production-rises-1-3-y-o-y-in-january\/"},"modified":"2025-03-11T00:00:00","modified_gmt":"2025-03-11T00:00:00","slug":"industrial-production-rises-1-3-y-o-y-in-january","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/11\/industrial-production-rises-1-3-y-o-y-in-january\/","title":{"rendered":"Industrial production rises 1.3% y-o-y in January"},"content":{"rendered":"

The industrial production index (IPI) grew 1.3% y-o-y in January<\/strong>, marking the fourth consecutive month of overall growth, driven by manufacturing, water supply, sewerage, waste management, and remediation activities, according to a preliminary monthly report (pdf)<\/a> from the General Authority for Statistics (Gastat). On a monthly basis, the index remained unchanged.<\/p>\n

The manufacturing sub-index rose 4.0% y-o-y<\/strong>, on the back of a 4.3% increase in the manufacturing of pet coke and refined petroleum products and a 4.2% rise in chemicals and chemical products. Manufacturing made up 35% of the overall IPI, making it the second-heaviest component after oil and minerals. The sub-index grew 0.3% m-o-m.<\/p>\n

Mining and quarrying activity was down 0.4% y-o-y<\/strong> as oil production dipped to 8.92 mn bbl \/ d, down from 8.96 mn bbl \/ d in January 2024. The mining and quarrying sector activity made up 61.4% of the overall IPI. The sub-index inched up 0.1% m-o-m.<\/p>\n

The index for non-oil activities rose 3.6% y-o-y in January<\/strong>, while the index for oil inched up 0.4% y-o-y. On a monthly basis. Oil activities inched up 0.1%, while non-oil activities dipped 0.2% m-o-m.<\/p>\n

IN CONTEXT- <\/strong>Non-oil sector growth in the Kingdom recorded its best performance since September 2014 in January<\/a>, with the country seeing the fastest increase in total new orders since June 2011. The seasonally adjusted headline PMI figure rose to 60.5, up from 58.4 in December<\/a> \u2014 which was its first slowdown since August despite a record increase<\/a> in sales and new orders back then \u2014 staying well above the 50.0 growth threshold.<\/p>\n

Utilities had contrasting figures:<\/strong> The sub-index for electricity, gas, steam, and air conditioning supply activity dropped 1.7% y-o-y in January (down 9.4% m-o-m), while water supply, sewage, and waste management and remediation activities were up 12.8% (up 8.7% m-o-m).<\/p>\n","protected":false},"excerpt":{"rendered":"

January saw the highest non-oil growth since September 2014<\/p>\n","protected":false},"author":1,"featured_media":95157,"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-95156","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":"b94a1b37-d7d5-453d-95f5-921352b5af41","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/809.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi industrial production rises 1.3% y-o-y in January","related_issue":[95149],"teaser":"January saw the highest non-oil growth since September 2014","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.e1af2783-f515-4d42-89f2-a3642fcab097.mp3"},"yoast_head":"\nIndustrial production rises 1.3% y-o-y in January - 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