Today, Thursday, the data of the Saudi General Authority for Statistics showed an increase in the industrial production index by 5.9% in July 2021, compared to the same month of the previous year.

The authority stated that this is a result of the increase in production in mining and quarrying activity by 11.8%, and its record weight in the index is 74.5%, after the Kingdom increased oil production from 8.4 million barrels per day in July 2020 to 9.4 million barrels per day in July 2021.

The production of manufacturing activity also decreased in July of 2021 by 9.2% compared to the same month of the previous year.

Production in the electricity and gas supply activity also decreased by 6.8% compared to the same month of 2020, but due to the low weight of this activity in the index, which is 2.9%, it did not have A significant impact on the industrial production index during the month of July 2021.

The authority stated that the index of the industrial production quantity index rose by 4.3% in July 2021, compared to the previous month of 2021.