A production line
GASTAT attributed the growth to higher activity in manufacturing, water supply, sanitation, as well as waste management and treatment sectors. 
The IPI measures the relative change in production quantities of materials and goods, tracking their transformation from raw materials to final consumable products for economic returns.
The following table shows the development of the index:
Industrial Production Index (IPI)*
Period
IPI (Points)
Change (YoY)
January 2024
102.58
(9.4%)
February
105.06
(6.3%)
March
104.45
(8.8%)
April
105.37
(6.3%)
May
107.48
(1.8%)
June
103.95
(5.6%)
July
104.74
+0.2%
August
106.50
+2.5%
September
106.27
+0.3%
October
105.93
+4.1%
November
102.89
+2.5%
December
104.23
+2.1%
Mining and quarrying activity lost 0.4% YoY in December on oil production levels in the Kingdom. Oil output reached 8.91 million barrels per day in December, up from 8.94 million barrels in the year-earlier period.
On the other hand, manufacturing activities grew 6.3% YoY, driven by a 9.3% jump in the production of coke and refined petroleum products, alongside gains in chemicals and chemical products, which gained 4.8%
IPI by Activity
Main Sectors
December 2023
December2024
Change
Mining Quarrying
98.10
97.68
(0.4%)
Manufacturing
109.71
116.58
+ 6.3%
Electricity, Gas, Steam Air-Conditioning Supply
93.14
91.38
(1.9%)
Water Supply, Sanitation, Waste Management Treatment
112.06
112.94
+ 0.8%
IPI
102.13
104.23
+ 2.1%
A production line
GASTAT attributed the growth to higher activity in manufacturing, water supply, sanitation, as well as waste management and treatment sectors.
The IPI measures the relative change in production quantities of materials and goods, tracking their transformation from raw materials to final consumable products for economic returns.
The following table shows the development of the index:
Industrial Production Index (IPI)*
Period
IPI (Points)
Change (YoY)
January 2024
102.58
(9.4%)
February
105.06
(6.3%)
March
104.45
(8.8%)
April
105.37
(6.3%)
May
107.48
(1.8%)
June
103.95
(5.6%)
July
104.74
+0.2%
August
106.50
+2.5%
September
106.27
+0.3%
October
105.93
+4.1%
November
102.89
+2.5%
December
104.23
+2.1%
Mining and quarrying activity lost 0.4% YoY in December on oil production levels in the Kingdom. Oil output reached 8.91 million barrels per day in December, up from 8.94 million barrels in the year-earlier period.
On the other hand, manufacturing activities grew 6.3% YoY, driven by a 9.3% jump in the production of coke and refined petroleum products, alongside gains in chemicals and chemical products, which gained 4.8%
IPI by Activity
Main Sectors
December 2023
December2024
Change
Mining Quarrying
98.10
97.68
(0.4%)
Manufacturing
109.71
116.58
+ 6.3%
Electricity, Gas, Steam Air-Conditioning Supply
93.14
91.38
(1.9%)
Water Supply, Sanitation, Waste Management Treatment
112.06
112.94
+ 0.8%
IPI
102.13
104.23
+ 2.1%
