RIYADH: Saudi Arabia’s industrial output climbed 7.1 percent year on year in August, driven by strong gains in the manufacturing and mining sectors, official data showed.
According to preliminary figures from the General Authority for Statistics, the Kingdom’s Industrial Production Index rose to 114.2 during the month, reflecting a 1.42 percent increase from July.
Manufacturing activities increased by 5.6 percent year on year in August, primarily propelled by an 8.9 percent rise in the production of coke and petroleum products.
Mining and quarrying output advanced 8.1 percent, supported by higher oil production, which averaged 9.72 million barrels per day, up from 8.99 million bpd a year earlier.
Strengthening the manufacturing sector is a key objective under Saudi Arabia’s Vision 2030 agenda, as the Kingdom continues to diversify its economy and reduce dependence on crude revenues.
