Mubasher TV
Contact Us Advertising   العربية

Saudi industrial output rises 3% in Q1 – GASTAT

Saudi industrial output rises 3% in Q1 – GASTAT
The IIP increased after activities in mining and quarrying sector rose to 121.8

Riyadh – Mubasher: Saudi Arabia's industrial production index (IIP ) rose 3.4% year-on-year to 132.4 points in the first quarter of 2018, from 127.95 points.

The IIP increased after activities in mining and quarrying sector rose to 121.8, followed by a growth in the manufacturing industry, recording 174.7, and a rise in Electricity Supply to hit 74.6 points, according to a report by the General Authority for Statistics’ (GASTAT) report.

Quarter-on-quarter, the oil-rich kingdom's IIP inched up 0.6% in the three-month period ended June.