Since 1975
  • facebook
  • twitter

Saudi Arabia’s industrial production index rises 6.8% in January

The GASTAT report noted that mining and quarrying grew by 3 percent in January, compared to the same month of the previous year. (Shutterstock)
The GASTAT report noted that mining and quarrying grew by 3 percent in January, compared to the same month of the previous year. (Shutterstock)
Short Url:
09 Mar 2023 04:03:13 GMT9
09 Mar 2023 04:03:13 GMT9

Nirmal Narayanan

RIYADH: Saudi Arabia’s Industrial Production Index rose 6.8 percent year-on-year in January, driven by high production in mining and quarrying, and manufacturing activities, according to the latest report released by the General Authority for Statistics. 

IPI is an economic indicator that reflects the relative changes in the volume of industrial output in the Kingdom, and it is calculated based on the industrial production survey. 

The GASTAT report noted that mining and quarrying grew by 3 percent in January, compared to the same month of the previous year. 

Mining and quarrying activities witnessed a surge in January, as Saudi Arabia increased its oil production to more than 10 million barrels per day. 
 

topics
Most Popular
Recommended

return to top