Saudi Arabia’s Industrial Production Index (IPI) declined as much as 14.1% to 92.8 points in March 2026 (base year 2021), from 108.1 points in the same month a year earlier, General Authority for Statistics (GASTAT) data showed.
This is considered the largest year-on-year decline since the authority began publishing the index in 2024.
The authority also said that the decline in the IPI index was the result of a decrease in both mining and quarrying activity and manufacturing activity.
The IPI is an economic indicator that reflects the relative changes and development in the volume of industrial production quantities, based on data from the industrial production survey, which includes establishments operating in mining activities, manufacturing, and utilities supply.
Industrial Production Index (IPI)*
Period
IPI (Points)
YoY Change
January 2025
103.46
+0.9%
February
103.80
(1.2%)
March
108.08
+3.5%
April
104.94
(0.3%)
May
108.82
+1.5%
June
109.70
+5.8%
July
112.68
+7.7%
August
113.92
+6.9%
September
115.88
+9.1%
October
115.13
+7.6%
November
113.33
+9.3%
December
115.05
+10.3%
January 2026
115.07
+11.2%
February
119.41
+15%
March
92.84
(14.1%)
The mining and quarrying activity declined by 22.2% YoY during March 2026, while manufacturing activity was down by 4.7% YoY, hurt by a decline in the manufacture of coke and refined petroleum products activity, which fell by 11.6%, and the manufacture of chemicals and chemical products activity, which fell by 4.5%.
IPI by Activity
Main Sectors
Weight
March,
2025
March,
2026
Change
Mining Quarrying
61.4
98.3
76.4
(22.2%)
Manufacturing
35.0
126.7
120.8
(4.7%)
Electricity, Gas, Steam, and Air Conditioning Supplies
2.8
85.6
94.3
10.1%
Water Supply, Sanitation Activities, and Waste Management and Treatment
0.7
126.4
127.7
1.1%
General Index
100.0
108.1
92.8
(14.1%)
Saudi Arabia’s Industrial Production Index (IPI) declined as much as 14.1% to 92.8 points in March 2026 (base year 2021), from 108.1 points in the same month a year earlier, General Authority for Statistics (GASTAT) data showed.
This is considered the largest year-on-year decline since the authority began publishing the index in 2024.
The authority also said that the decline in the IPI index was the result of a decrease in both mining and quarrying activity and manufacturing activity.
The IPI is an economic indicator that reflects the relative changes and development in the volume of industrial production quantities, based on data from the industrial production survey, which includes establishments operating in mining activities, manufacturing, and utilities supply.
Industrial Production Index (IPI)*
Period
IPI (Points)
YoY Change
January 2025
103.46
+0.9%
February
103.80
(1.2%)
March
108.08
+3.5%
April
104.94
(0.3%)
May
108.82
+1.5%
June
109.70
+5.8%
July
112.68
+7.7%
August
113.92
+6.9%
September
115.88
+9.1%
October
115.13
+7.6%
November
113.33
+9.3%
December
115.05
+10.3%
January 2026
115.07
+11.2%
February
119.41
+15%
March
92.84
(14.1%)
The mining and quarrying activity declined by 22.2% YoY during March 2026, while manufacturing activity was down by 4.7% YoY, hurt by a decline in the manufacture of coke and refined petroleum products activity, which fell by 11.6%, and the manufacture of chemicals and chemical products activity, which fell by 4.5%.
IPI by Activity
Main Sectors
Weight
March,
2025
March,
2026
Change
Mining Quarrying
61.4
98.3
76.4
(22.2%)
Manufacturing
35.0
126.7
120.8
(4.7%)
Electricity, Gas, Steam, and Air Conditioning Supplies
2.8
85.6
94.3
10.1%
Water Supply, Sanitation Activities, and Waste Management and Treatment
0.7
126.4
127.7
1.1%
General Index
100.0
108.1
92.8
(14.1%)
