Saudi Industrial Production Rises to the Highest Since Late 2022

Saudi Arabia’s industrial production rose to the strongest level in nearly three years, in line with an increase in the kingdom’s economic growth for the same period and driven by an expansion in oil output.

A measure looking into the Gulf country’s industrial production accelerated 7.9% on an annual basis by the end of the second quarter, fueled by an increase in manufacturing activities, according to data by the General Authority for Statistics.