2.3 % decrease in the industrial production index in Saudi Arabia during 2024
The annual record for industrial production (industrial production) for last year decreased by 2.3% compared to 2023 AD, while this decline is mainly due to the decrease in the annual record index of activities The oil by 5.2% compared to 2023 AD." target ="_Blank"> Industrial issued by the Statistics Authority, the annual record index of non -oil activities increased by 5.3% due to the high performance of all non -oil economic activities compared to 2023 AD." target ="_Blank"> Mining and the exploitation of quarries in the past year by 6.8% compared to 2023, while the annual index of the manufacturing activity increased by 4.7%, supported by the high performance of sub -activities. And the activity of making food products by 2.9%, and 6.2%, respectively. Industrial The IPI Records (IPI) is an economic indicator that reflects the relative changes in the size of the quantities of industrial production depending on the data of industrial production survey, which is implemented on a sample of industrial facilities that work in the targeted industrial activities represented in mining and quarry exploitation, manufacturing activities, electricity and gas supply activities, water supply and sanitation activities activities Waste management and processing, and this indicator data is classified according to the national classification of economic activities (ISIC4).
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