FX.co ★ Saudi Arabia Industrial Output Falls at Softer Pace

Industrial production in Saudi Arabia declined by 10.9% year-on-year in September 2026, easing from a downwardly revised 23.0% contraction in August. Output in the oil sector also fell at a slower pace (-15.5% vs. -33.0% in August), mainly due to a more moderate drop in crude petroleum and natural gas extraction (-16.0% vs. -35.8%) and in coke and refined petroleum products (-13.6% vs. -20.8%).

Elsewhere in the economy, output growth in other activities inched up to 5.4% from 5.3%, supported by faster expansion in water supply, sewerage, waste management, and remediation (7.3% vs. 6.7%). In contrast, growth in electricity, gas, steam, and air-conditioning supply slowed to 6.4% from 10.2%.

Non-oil activity growth weakened markedly, easing to 0.1% from 1.4%, as manufacturing output registered a sharper decline (-1.1% vs. -0.2%). On a monthly basis, overall industrial production rose 15.6%, rebounding from a 13.5% drop in August.