Saudi Arabia Industrial Output Plunges 14.1% in March

Industrial production in Saudi Arabia slumped 14.1% year-on-year in March 2026, reversing an upwardly revised 15.0% surge in the previous month. Oil activities contracted (-20.0% vs 11.5% in February), weighed down by lower output in coke and refined petroleum products (-11.6% vs 5.2%) and crude petroleum and natural gas extraction (-22.2% vs 13.0%). Non-oil sectors stalled after rising 2.4%, as increases in water supply, sewerage, waste management, and remediation services (1.1% vs 8.1%), along with electricity, gas, steam, and air-conditioning supply (10.1% vs -3.7%), were offset by declines in manufacturing (-4.7% vs 2.8%). On a monthly basis, industrial activity plunged 22.3%, reversing an upwardly revised 3.7% rise in the previous month

Industrial production in Saudi Arabia rose 8.9% year-on-year in February 2026, slowing from a more than three-year high of 10.8% in the previous month. Growth in oil activities moderated (11.5% vs 13.2% in January), weighed down by slower output in coke and refined petroleum products (5.2% vs 13.0%) and in crude petroleum and natural gas extraction (13% vs 13.3%). Non-oil sectors also decelerated (2.4% vs 4.9%), led by manufacturing (2.8% vs 4.2%) and water supply, sewerage, waste management, and remediation services (8.1% vs 11.8%), while electricity, gas, steam, and air-conditioning supply declined (-3.7% vs 10.2%). On a monthly basis, industrial activity fell 0.2%, after a 0.5% drop in the previous month.

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.