A production line
Saudi Arabia’s Industrial Production Index (IPI) added 1 % year-on-year (YoY) in August 2024, data issued by the General Authority for Statistics (GASTAT) showed. 
The IPI rose to 105.01 points in August, according to the base year 2021, compared to 103.93 points in August 2023.
This increase was driven by a rise in mining, quarrying and manufacturing activities, as well as growth in the electricity, gas, steam, and air conditioning supply.
The IPI measures the relative change and reflects the production quantities of materials and goods, which have been converted from raw materials to consumables in their final form as goods for the purpose of achieving a return.
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
(1.7%)
June
104.26
(5.1%)
July
105.31
+0.8%
August
105.01
+1.0%
A production line
Saudi Arabia’s Industrial Production Index (IPI) added 1 % year-on-year (YoY) in August 2024, data issued by the General Authority for Statistics (GASTAT) showed.
The IPI rose to 105.01 points in August, according to the base year 2021, compared to 103.93 points in August 2023.
This increase was driven by a rise in mining, quarrying and manufacturing activities, as well as growth in the electricity, gas, steam, and air conditioning supply.
The IPI measures the relative change and reflects the production quantities of materials and goods, which have been converted from raw materials to consumables in their final form as goods for the purpose of achieving a return.
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
(1.7%)
June
104.26
(5.1%)
July
105.31
+0.8%
August
105.01
+1.0%
