3.4% increase in industrial production in Saudi Arabia during November 2024

The industrial production index index rose by 3.4% last November, compared to the same month in 2023.
Today, the General Bureau of Statistics issued the results of the industrial production index index for November 2024.

High industrial production index

According to the results of the bulletin, the increase in the index of industrial production quantities was supported by an increase in mining and quarrying activity, manufacturing activity, water supply and sanitation activity, and waste management and treatment activities.
The results of the bulletin showed an increase in the sub-index for mining and quarrying activity by 1.2% on an annual basis, and an increase in the sub-index for manufacturing activity by 7.2%.
The sub-index for electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, while the sub-index for water supply, sanitation, and waste management and treatment activities recorded an increase of 10.5%.
Based on the results of the bulletin according to the main economic activities, the results indicated an increase in the index of oil activities by 3.8%, and an increase in the index of non-oil activities by 2.4% compared to November of the previous year.
It is noteworthy that the General Authority for Statistics issues the Industrial Production Index on a monthly basis. It is an economic indicator that reflects relative changes in the volume of industrial production quantities based on the data of the Industrial Production Survey, which is implemented on a sample of industrial establishments operating in the targeted industrial activities represented by mining and exploitation activity. Quarries, manufacturing activity, electricity, gas, steam and air conditioning supply activity, water supply, sanitation, waste management and treatment activities.