FX.co ★ Saudi Arabia Industrial Activity Shows Solid Growth

Saudi Arabia’s industrial production rose by 10.4% year-on-year in January 2026, accelerating from a revised 10.1% increase in December. This was the fastest pace of growth since October 2022, largely supported by stronger output in mining and quarrying (+13.3%). Oil production increased to 10.1 million barrels per day in January 2026, up from 8.9 million barrels per day a year earlier.

Manufacturing output also posted a solid gain of 6.8%, underpinned by robust growth in the manufacture of coke and refined petroleum products (+9.1%), chemicals and chemical products (+10.6%), and food products (+9.1%). In contrast, production in water supply, sewerage, waste management and remediation activities declined by 1.3%.

On a monthly basis, overall industrial activity edged down by 0.5% in January, following a revised 1.1% increase in the previous month.