FX.co ★ Saudi Arabia Industrial Output Growth Slows

Industrial production in Saudi Arabia experienced an 8.9% year-on-year rise in October 2025, indicating a deceleration from the 9.3% increase noted in the previous month. This slowdown was largely attributed to reduced growth in non-oil sectors, which grew by 4.4% compared to 7.6% in September. In particular, the manufacturing sector gained at a more subdued pace of 5.5% versus 6.8%, notably within the chemical and chemical products industry (which saw a gain of 9.6% against the prior month's 8.1%) and food products sector (which rose by just 1.9% compared to 13.1%). Additionally, the output for electricity, gas, and air-conditioning supply moderated to 5.1% from 12.5%. Conversely, oil activities saw increased momentum, with output rising by 10.8% compared to 10%, spurred largely by an uptick in the production of coke and refined petroleum products, which jumped to 8% from 5.6%. Nonetheless, there was a tempered increase for water supply, sewerage, waste management, and remediation activities, which grew by 8.5%, slightly down from 9.2%. On a month-to-month basis, industrial activity growth slowed to 0.3%, down from an upwardly revised 2.1% in September, marking its lowest level since April.