Saudi Arabia’s industrial production increases by 17.7% in July: GASTAT


Saudi Arabia’s Industrial Production Index increased by 17.7 percent in July compared to the same period a year ago. The growth was primarily driven by high production in the three subsectors — mining and quarrying, manufacturing, and electricity and gas supplies, official data showed.

According to a report from the General Authority for Statistics, mining and quarrying grew by 14.1 percent in July from a year ago as Saudi Arabia increased its oil production to its highest level by more than 10 million barrels per day in July 2022.

The manufacturing activity increased by 32.6 percent compared to the same month of the previous year.—Arab News

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