Saudi industrial production hits highest level since April 2020

Jumps in the output of the mining and quarrying sector were mainly responsible for the expansion as it went up by 9.1%

  
Image used for illustrative purpose. Workers are seen at the solar plant factory in Uyayna, north of Riyadh, Saudi Arabia April 10, 2018.

Image used for illustrative purpose. Workers are seen at the solar plant factory in Uyayna, north of Riyadh, Saudi Arabia April 10, 2018.

REUTERS/Faisal Al Nasser

Saudi industrial production expanded by an annual rate of 7.7 percent in October to reach its highest level since April 2020, data published by Gastat showed.

This was also the highest growth rate since June of this year.

Jumps in the output of the mining and quarrying sector were mainly responsible for the expansion as it went up by 9.1 percent.

Oil production rose from 8.9 million barrels per day in October last year to 9.7 million bpd in October 2021.

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