Saudi Arabia Industrial Output Falls at Softer Pace

Industrial production in Saudi Arabia fell 16.3% year-on-year in June 2026, easing from an 18.7% slump in the previous month. Output in the oil sector fell at a softer pace (-23.2% vs -26.3% in May), largely reflecting a softer decline in crude petroleum and natural gas extraction (-27.0% vs -28.6%) and coke and refined petroleum products output (-6.0% vs -16.7%). Moreover, growth in other economic activities edged up to 3.4% from 3.3%, supported by a rebound in electricity, gas, steam, and air-conditioning supply (2.8% vs -1.4%) and faster expansion in water supply, sewerage, waste management, and remediation activities (6.0% vs 5.7%). However, non-oil activity growth eased slightly to 0.1% from 0.5%, despite a softer decline in manufacturing output (-0.5% vs -0.6%). On a monthly basis, industrial production increased 4.6%, accelerating from a 3.2% rise in May.

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.

Industrial production in Saudi Arabia plunged 19.1% year-on-year in April 2026, slipping further from an upwardly revised 15.8% drop in the previous month. It marked the steepest annual decline since April 2021, as oil-related activities slumped 27.8%, weighed down by sharp contractions in crude petroleum and natural gas extraction (-29.9%) and in coke and refined petroleum products (-18.7%). Meanwhile, non-oil activities expanded 2.1%, supported by growth in manufacturing (0.3%), particularly in the manufacture of non-metallic mineral products (5.7%) and basic metals (10.4%). Output also increased in other economic activities (4.1%), driven by gains in electricity, gas, steam and air-conditioning supply (20.8%) and water supply, sewerage, waste management and remediation activities (8.8%). On a monthly basis, industrial output fell 6.8%, easing sharply from an upwardly revised 23.8% slump in March.