Industrial production in Saudi Arabia fell 18.7% year-on-year in May 2026, easing slightly from a 19.2% decline in April. The downturn was driven by a 26.3% slump in oil-related activities, reflecting sharp contractions in crude petroleum and natural gas extraction (-28.6%) and coke and refined petroleum products (-16.7%). Meanwhile, non-oil activities edged down 0.5%, as manufacturing slipped 0.6%, weighed by declines in chemicals (-4.0%) and food products (-3.5%), partly offset by gains in basic metals (12.8%). Other economic activities expanded 3.3%, supported by growth in water supply, sewerage, waste management and remediation activities (5.7%), although electricity, gas, steam and air-conditioning supply fell 1.4%. On a monthly basis, industrial output rose 3.2% in May, rebounding from a 6.5% drop in April. source: General Authority for Statistics, Saudi Arabia
Industrial Production in Saudi Arabia decreased 18.70 percent in May of 2026 over the same month in the previous year. Industrial Production in Saudi Arabia averaged 1.81 percent from 1963 until 2026, reaching an all time high of 26.70 percent in April of 2022 and a record low of -24.90 percent in December of 1982. This page provides - Saudi Arabia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.
Industrial Production in Saudi Arabia decreased 18.70 percent in May of 2026 over the same month in the previous year. Industrial Production in Saudi Arabia is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Industrial Production is projected to trend around 4.90 percent in 2027 and 4.00 percent in 2028, according to our econometric models.