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Industrial production in KSA down 10% in November

Industrial production in KSA down 10% in November
Manufacturing activities fell by 15.6% annually in November.

Riyadh – Mubasher: The Saudi industrial production index (IPI) dropped by 10% on a yearly basis in November 2020 as production in mining and quarrying activity went down by 9%, as shown by official data.

Saudi Arabia lowered its oil production from 9.8 million barrels per day (b/d) in November 2019 to 8.9 million b/d in November 2020.

In November, manufacturing activities fell by 15.6% annually as the Covid-19 pandemic led many factories to reduce production operations.

When compared to October 2020, industrial production levelled down by 0.4%.