Saudi industrial output rebounds 3.2% in May despite annual decline

RIYADH: Saudi Arabia’s industrial production rebounded 3.2 percent in May from April, led by broad gains across mining, manufacturing and utilities, official data showed. Despite the monthly gain, industrial activity remained weaker than a year earlier — down 18.7 percent — as lower oil-related production continued to weigh on the Kingdom’s overall performance, according to preliminary figures released by the General Authority for Statistics.

Raccontata daarabnews.com