In February 2024, Saudi Arabia’s Industrial Production Index (IPI) saw a 1 percent monthly increase driven by an uptick in mining, industrial production and manufacturing activity. According to the General Authority for Statistics (GASTAT), Saudi Arabia’s IPI saw a 7.7 percent decline compared to February 2023 due to the annual decline in mining and quarrying activity.
Industrial activity
IPI for February 2024 revealed a monthly increase…