Saudi Arabia’s Industrial Production Index (IPI) recorded an increase of 2.1 percent during December 2024 compared to the same period in 2023. The increase was driven mainly by growth in manufacturing, water supply, sewerage, and waste management and treatment activities, according to the IPI statistics, released by the General Authority for Statistics (GASTAT) .

On the other hand, the manufacturing sub-index increased by 6.3 percent in December on an annual basis, supported by an increase in the coke and refined petroleum products manufacturing activity by 9.3 percent, and the chemicals and chemical products manufacturing activity by 4.8percent. The manufacturing industry index performance increased by 5.1 percent on a monthly basis.

The oil activities index also increased by 1.3 percent year-on-year in December 2024. The non-oil activities index increased by 4 percent, supported by an increase in all non-oil economic activities except for the electricity, gas, steam and air conditioning supply activity.

Source: Saudi Gazette