Count Down to relaunch



Saudi Arabia's industrial index up 5.8% in August

Saudi Arabia's industrial index up 5.8% in August

Saudi Arabia's industrial index has seen a 5.8% year-on-year growth in August 2021, Arab News reported, citing the General Authority for Statistics (Gastat).

Month-on-month, the Saudi industrial index increased by 5% last August, according to data by the Gastat.

Industrial activities grew due to higher production in mining and quarrying activity, which account for 74.5% of the index, data showed.

Moreover, mining activities, including oil production, rose by 6.5% in August 2021.

The kingdom boosted its oil production to 9.5 million barrels per day in August 2021 from 8.9 million barrels per day in August 2020, the Gastat said.

Non-oil manufacturing activity grew by 13% in August 2021, compared to July 2021.

Electricity and gas supply activity saw recovery for the third month in a row, recording a 4% year-on-year decline in August 2021. 

#Related keywords

'

Recommended Stocks

04 Oct 2021
United Housing & Development UNIT
Close
03.98
Change
05.85
Buy

All rights reserved to Arab Finance 2020 ©

Back to top