Saudi non-oil industrial output gains 1.2% despite broader contraction
- Saudi Arabia's non-oil industrial activities grew by 1.2% year-on-year in August.
- The country's Industrial Production Index (IPI) fell by 23.5% to 87.1 in August, down from 101.3 in July and 113.9 a year earlier.
- A major factor in the decline was a 35.8% annual contraction in mining and quarrying activities.
