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Economy and Planning Minister Discusses Saudi Economic Performance with IMF Delegation

Discussions addressed drivers for growth as well as topics of mutual interest. SPA
Discussions addressed drivers for growth as well as topics of mutual interest. SPA
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Economy and Planning Minister Discusses Saudi Economic Performance with IMF Delegation

Discussions addressed drivers for growth as well as topics of mutual interest. SPA
Discussions addressed drivers for growth as well as topics of mutual interest. SPA

Minister of Economy and Planning Faisal bin Fadhil Alibrahim has discussed the performance of the Saudi economy in 2023 with a delegation from the International Monetary Fund (IMF).
The IMF delegation included IMF Middle East and Central Asia Department Assistant Director Amine Mati and the IMF Article IV Consultation Mission team.
Discussions on Thursday addressed drivers for growth as well as topics of mutual interest.

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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.