{"id":96916,"date":"2025-05-12T00:00:00","date_gmt":"2025-05-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/12\/industrial-production-up-2-y-o-y-in-march\/"},"modified":"2025-05-12T00:00:00","modified_gmt":"2025-05-12T00:00:00","slug":"industrial-production-up-2-y-o-y-in-march","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/12\/industrial-production-up-2-y-o-y-in-march\/","title":{"rendered":"Industrial production up 2% y-o-y in March"},"content":{"rendered":"

<\/strong>The industrial production index (IPI) rose 2% y-o-y in March<\/strong>, continuing its growth trajectory supported by an increase in manufacturing activity and water supply, sewage, and waste management, according to preliminary data (pdf)<\/a> by the General Authority for Statistics (Gastat).<\/p>\n

The main drivers: <\/strong>The increase in the IPI was largely due to a 5.1% rise in manufacturing activity, despite a slight 0.2% dip in mining and quarrying.<\/p>\n

The mining and quarrying activity sub-index decreased by 0.2% y-o-y during the month<\/strong>, due to a marginal slowdown in oil production to 8.96 mn barrels per day (bbl\/d), down from 8.97 mn bbl\/d in March 2024.<\/p>\n

The manufacturing sub-index was up 5.1% y-o-y<\/strong>, primarily driven by growth in the manufacturing of chemical products (14.3%) and food products (6.9%).<\/p>\n

MEANWHILE-<\/strong> The non-oil activities index rose 5.6% y-o-y in March, while the oil activities index increased by 0.5%.<\/p>\n

IN CONTEXT- <\/strong>Non-oil business activity in the Kingdom slowed its expansion slightly in March<\/a>. The seasonally adjusted headline figure came in at 58.1 in March, dipping down from February\u2019s reading<\/a> of 58.4, as new business growth continued to increase, albeit at its slowest rate since October 2024.<\/p>\n

Utilities showed mixed performance:<\/strong> The sub-index for electricity, gas, steam, and air conditioning supply activity decreased 0.9% on an annual basis (down 7.7% m-o-m), while the sub-index for water supply, sewerage, and waste management and remediation activities increased by 15% y-o-y (up 3.7% m-o-m).<\/p>\n","protected":false},"excerpt":{"rendered":"

The non-oil activities index rose 5.6% y-o-y in March<\/p>\n","protected":false},"author":1,"featured_media":96917,"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":[10,2341,157,392,50],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam-ksa","tag-industrial-production-index-ipi","tag-industry","tag-manufacturing","tag-mining","wpautop","entry"],"acf":{"mongo_id":"1ca2564c-5931-4b99-aa0e-8a16e202ab8a","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/809.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Industrial production up 2% y-o-y in March","related_issue":[96906],"teaser":"The non-oil activities index rose 5.6% y-o-y in March","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.ffbf3543-7a97-45e4-877f-3a2235e4b5cb.mp3"},"yoast_head":"\nIndustrial production up 2% y-o-y in March - 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