Saudi Arabia's Industrial Production Contracted 4.5 Percent MoM in September 2019

Saudi Arabia’s Industrial production, measured by index of industrial production (IIP), contracted 4.54 percent MoM in September compared to 1.56 percent growth in August 2019. The index was largely dragged down by mining and quarrying that contracted 6.74 percent MoM in September against growth of 2.18 percent in August 2019.

• Manufacturing sector grew 0.8 percent MoM in September compared to 0.37 percent MoM growth in August.
• Electricity and gas contracted 0.56 percent MoM in September compared to 0.55 percent decline in August.