FX.co ★ Saudi Arabia Industrial Output Eases

Industrial production in Saudi Arabia increased by 8.9% year-on-year in December 2025, slowing from a three-year peak of 10.4% in November. Growth in oil-related activities moderated (10.1% vs. 12.9% in November), as output of coke and refined petroleum products slumped (-3.6% vs. +14.5%), offsetting stronger growth in the extraction of crude petroleum and natural gas (13.2% vs. 12.6%).

At the same time, non-oil activities expanded at a faster rate (5.8% vs. 4.4%), even as growth in manufacturing output cooled (3.2% vs. 8.1%) and in water supply, sewerage, waste management, and remediation services (9.4% vs. 10.2%). In addition, the contraction in electricity, gas, steam, and air-conditioning supply eased (-2.5% vs. -4.3%).

On a monthly basis, overall industrial production slipped 0.1%, a marked improvement from the upwardly revised 1.3% decline recorded in November 2025.