Saudi Arabia Industrial Activity Shows Solid Growth

Industrial production in Saudi Arabia climbed by 10.4% year-on-year in January 2026, following an upwardly revised 10.1% surge in the previous month. This marked the strongest growth since October 2022, bolstered by higher output in mining and quarrying (+13.3%). Saudi Arabia increased its oil production to 10.1 million barrels per day in January 2026 compared to 8.9 million barrels per day in January 2025. Manufacturing activity also advanced at a solid 6.8%, driven by notable gains in the manufacture of coke and refined petroleum products (+9.1%); chemicals and chemical products (+10.6%) and food products (+9.1%). Conversely, output declined by 1.3% for water supply, sewerage, waste management and remediation activities. On a monthly basis, industrial activity fell by 0.5% in January, after a revised 1.1% increase in the prior month.

Industrial production in Saudi Arabia rose by 8.9% year-on-year in December 2025, easing from a three-year high of 10.4% in the previous month. Growth in oil activities slowed (10.1% vs 12.9% in November), as output of coke and refined petroleum products tumbled (-3.6% vs 14.5%), offsetting stronger gains in the extraction of crude petroleum and natural gas (13.2% vs 12.6%). Meanwhile, non-oil activities expanded at a faster pace (5.8% vs 4.4%), despite a moderation in manufacturing output (3.2% vs 8.1%) and in water supply, sewerage, waste management, and remediation activities (9.4% vs 10.2%). In addition, the decline in electricity, gas, steam, and air-conditioning supply eased (-2.5% vs -4.3%) moderated. On a monthly basis, industrial activity fell 0.1%, notably improving from an upwardly revised 1.3% drop in November 2025.

Industrial production in Saudi Arabia climbed by 10.4% year-on-year in November 2025, from an 8.9% gain in the previous month. This marked the strongest growth since October 2022, as output increased at a faster pace in oil activities (12.9% vs 10.8% in October), amid higher production in the manufacture of coke and refined petroleum products (14.5% vs 8%) and the extraction of crude petroleum and natural gas (12.6% vs 11.5%). Meanwhile, output for non-oil activities was unchanged at 4.4%, despite a jump in manufacturing activity (8.1% vs 5.5%), supported by the manufacture of chemicals and chemical products and manufacture of food products. Output also accelerated in water supply, sewerage, waste management and remediation activities (10.2% vs 8.5%), while it declined in electricity, gas, steam and air-conditioning supply (-4.3% vs 5.1%). On a monthly basis, industrial activity fell 0.7% in November, easing from a revised 1% decline in the previous month.