Saudi Arabia's industrial production declines 14.1% year-on-year in March 2026
Here's what it means for you.
The significant drop in Saudi Arabia's industrial production signals potential shifts in global oil markets and economic strategies.
What happened
Saudi Arabia's Industrial Production Index decreased by 14.1% year-on-year in March 2026.
The Context
- Mining and quarrying activities fell by 22.2% year-on-year.
- Manufacturing activity decreased by 4.7%, influenced by declines in coke and refined petroleum products.
- Non-oil industrial activity rose by 1.4% from February 2026.
Takeaway
The resilience of non-oil industrial activities may provide a buffer against ongoing volatility in the oil market.
English-language reporting on Saudi politics, policy, and society.
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Saudi industrial production falls 14.1% in March amid oil sector decline
Saudi Arabia's Industrial Production Index (IPI) fell by 14.1% year-on-year in March 2026, primarily due to significant declines in mining and quarrying, which dropped by 22.2%, and manufacturing, which decreased by 4.7%. Oil activities also saw a no...
English-language reporting focused on Saudi Arabia and regional affairs.
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Saudi industrial production falls 14.1% in March amid oil sector decline
Saudi Arabia's Industrial Production Index (IPI) fell by 14.1% year-on-year in March 2026, primarily due to significant declines in mining and quarrying, which dropped by 22.2%, and manufacturing, which decreased by 4.7%. Oil activities also saw a no...
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تراجع الإنتاج الصناعي في السعودية 14.1 % خلال مارس
Preliminary results from the General Authority for Statistics indicate that the Industrial Production Index in Saudi Arabia decreased by 14.1% in March. This decline reflects significant challenges within the industrial sector during this period.
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Saudi non-oil industrial activity rises 1.4% in March despite weaker oil output
In March 2026, Saudi Arabia's non-oil industrial activity increased by 1.4% compared to February, reflecting resilience in the manufacturing sector despite a decline in oil production. The General Authority for Statistics reported steady growth acros...