Saudi Arabia Industrial Output Falls 16.3% in June as Monthly Growth Accelerates to 4.6%
Updated
Updated · TradingView · Aug 10
Saudi Arabia Industrial Output Falls 16.3% in June as Monthly Growth Accelerates to 4.6%
3 articles · Updated · TradingView · Aug 10
Summary
Saudi Arabia’s industrial production dropped 16.3% year on year in June, improving from an 18.7% decline in May, while rising 4.6% from the previous month.
The softer annual fall came mainly from oil activity, where output declined 23.2% versus 26.3% in May as crude petroleum and natural gas extraction fell 27.0% and refined products output dropped 6.0%.
Other economic activities grew 3.4%, up from 3.3%, helped by utilities returning to 2.8% growth from a 1.4% decline and faster expansion in water and waste services.
Non-oil activity still nearly stalled at 0.1%, down from 0.5%, even as manufacturing’s contraction eased slightly to 0.5%, underscoring how the broader industrial picture remains tied to oil-sector weakness.
With utilities surging 25.4% amid regional supply chain chaos, are seasonal spikes masking a deeper stagnation in Saudi Arabia's non-oil sector?
Despite a monthly boost, Saudi industrial output fell 16.3% annually. Is Vision 2030 truly shielding the kingdom from oil market volatility?
How will AI-driven oilfield technologies reshape Saudi Arabia's downstream industrial resilience as Red Sea shipping disruptions threaten global supply chains?