GASTAT: Saudi Industrial Production Sees 1.3% Rise in Jan 2025
According to GASTAT's bulletin, this noticeable growth is driven by an increase in the activities of manufacturing industry, water supply and sanitation, as well as waste management and treatment.
The figures also showed a 0.4% decrease in the sub-index for mining and quarrying activity on an annual basis. Meanwhile, the sub-index for manufacturing activity has seen a 4% growth.
Furthermore, the sub-index for electricity, gas, steam as well as air conditioning supply activity recorded a decrease of 1.7%.
At the same time, the sub-index for water supply and sanitation activity and waste management and treatment activities reached a 12.8% increase.
As for the key economic activities, oil activities recorded a 0.4% increase in January 2025, while the index of non-oil activities posted an increase of 3.6% compared to January 2024. GASTAT's bulletin
Issued by GASTAT on a monthly basis, the index of industrial production serves as an economic indicator that reflects the relative changes in the volume of industrial production quantities based on industrial production survey data.
The authority applies such surveys on several establishments in the targeted industrial activities, as follows: Mining and quarrying activity
Manufacturing activity
Electricity, gas, steam and air conditioning supply activity
Water supply activities
Sanitation, waste management and treatment activities
Related Topics:
GASTAT: Inflation Rate Reaches 2.0% in January 2025
Saudi Arabia's Industrial Index Climbs 3.4% in November: GASTAT
GASTAT: Real GDP Grows by 4.4% in Q4 2024
Short link :
Post Views: 60
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Asharq Al-Awsat
2 days ago
- Asharq Al-Awsat
Saudi Annual Inflation Eases to 2.1% in July, Lowest Since February
Saudi Arabia's annual inflation rate slowed to 2.1% in July, down from 2.3% in June and below market expectations of 2.3%, official data showed on Thursday. It was the lowest reading since February. Housing, water, electricity, gas and fuel prices remained the main driver of the increase, rising 5.6% year-on-year, propelled by a 6.6% jump in housing rents, the General Authority for Statistics said. Analysts said the continued moderation in rent inflation — down from 7.6% in June — signaled progress in the government's efforts to reform the property market and boost housing supply. The data aligns with IMF forecasts that inflation in the kingdom will remain contained at around 2% in 2025 and 2026. Other categories also saw increases, including food and beverages (up 1.6%), miscellaneous goods and services (4.3%), and restaurants and hotels (1.4%). Prices fell in furnishings and household equipment (-2%), clothing and footwear (-0.4%) and transport (-0.3%). On a monthly basis, consumer prices were flat compared with June, as stability in transport, restaurants and hotels, clothing and footwear, health, communications and tobacco offset gains of 0.2% each in housing and in recreation and culture. Abdullah al-Jassar, a member of the Saudi Association for Energy Economics, said he expected inflation to hold near current levels in 2025, with any potential interest rate cuts having limited impact. He noted that housing-related costs, particularly rents, continued to exert strong upward pressure, with villa rents alone climbing 6.4% in July. Imported inflation has pushed up the cost of some goods such as food and beverages, while declines in prices of other imports, including vehicles (-1.6%), have partly offset overall price pressures, al-Jassar added. Financial and economic consultant Hussein al-Attas said the figures underscored the success of fiscal and monetary policies in containing inflation despite fluctuations in the prices of certain goods and services. He said the rental sector remained the main inflation driver, while food prices and some consumer goods were showing signs of slower growth. Inflation is expected to stay around 2% in the coming period, a level that supports purchasing power and investment appeal, al-Attas said, adding that authorities would continue to monitor global and domestic developments that could influence price trends.
Saudi Gazette
3 days ago
- Saudi Gazette
Saudi Arabia's inflation falls to 5-month low reaching 2.1% in July
Saudi Gazette report RIYADH — Saudi Arabia's annual inflation rate dropped to 2.1percent in July 2025 from 2.3 percent in the same month last year. According to the monthly report of the General Authority for Statistics (GASTAT) released on Thursday, the Consumer Price Index (CPI) or inflation dropped to a 5-month low since February this year. The CPI also showed stability on a monthly basis, with prices across most categories remaining largely unchanged from June to July 2025. The Wholesale Price Index (WPI) remained stable at 2.1 percent in July, while recording a slight monthly decline of 0.1 percent compared to June. According to the data released by the GASTAT, housing, water, electricity, gas, and fuel prices were the main driver of the increase, reaching 5.6 percent, driven by a 6.6 percent rise in housing rents in July. However, experts noted that the continued decline in rent inflation from 7.6 percent in June is a positive indicator of the success of the Kingdom's efforts to reform the real estate market and increase housing supply. Food and beverage prices also rose by 1.6 percent, driven by a 2.6 percent increase in poultry meat prices, and a 4.3 percent increase in miscellaneous personal goods and services prices, with jewelry, watches, and antiques prices rising by 24.7 percent. Prices in the restaurants and hotels category rose by 1.4 percent, driven by a 1.5 percent increase in restaurant and cafe prices. Meanwhile, the education category rose by 1.1 percent, impacted by a 3.8 percent increase in higher education tuition fees. In contrast, prices in the home furnishings and equipment section declined by 2 percent, impacted by a 3.9 percent decline in furniture, carpets, and floor coverings. Prices in the clothing and footwear section also declined by 0.4 percent, impacted by a 1.3 percent decline in ready-made garments. Transportation prices also decreased by 0.3 percent, impacted by a 1.6 percent decline in vehicle purchase prices. These results are consistent with the International Monetary Fund's forecast that inflation in the Kingdom will remain under control at around 2 percent in 2025 and 2026. It is noteworthy that the CPI measures changes in the prices paid by consumers for a fixed basket of 490 goods and services, while the WPI tracks changes in pre-retail prices for a fixed basket of 343 items.
Arab News
3 days ago
- Arab News
Saudi inflation eases to 2.1% in July: GASTAT
RIYADH: Saudi Arabia's annual inflation rate slowed in July to 2.1 percent, down from 2.3 percent in June, as softer price gains in some categories offset persistent housing pressures, official data showed. The figures, published in the latest report from the General Authority for Statistics, revealed that housing, water, electricity, gas and fuel posted the steepest annual increase among major categories, climbing 5.6 percent. That was driven by a 6.6 percent rise in rents, including a 6.4 percent increase in villa rentals. The housing component accounts for 25.5 percent of the consumer price index basket, making it a key driver of the headline figure. The inflation trend aligns with the Kingdom's goal of balancing economic growth with price stability as part of its Vision 2030 strategy to diversify the economy beyond oil. The government's November 2024 budget projected inflation to remain steady at 1.9 percent in 2025, up slightly from 1.7 percent in 2024. 'The annual inflation rate in the Kingdom witnessed a relative slowdown in the pace of growth during July 2025, reaching 2.1 percent, compared to 2.3 percent in the previous June,' GASTAT said. GASTAT publishes Consumer Price Index for July 2025 — الهيئة العامة للإحصاء (@Stats_Saudi) August 14, 2025 This comes as a July report from Kuwait-based non-banking firm Kamco Invest said inflation across Gulf Cooperation Council countries remained stable in the second quarter, despite heightened geopolitical instability. It added that the conflict's limited impact on GCC inflation was largely due to gradual, rather than sudden, increases in commodity and shipping costs. Sectoral breakdown Food and beverage prices increased by 1.6 percent year on year in July, driven by a 2.6 percent increase in the costs for meat and poultry. The authority said expenses for personal goods and services rose by 4.3 percent compared to the same period in the previous year. This was due to a 24.7 percent rise in the prices of jewelry, watches, and precious antiques. Restaurant and hotel costs edged up 1.4 percent year on year, while education prices advanced by 1.1 percent during the same period. Furnishing and home equipment prices declined by 2 percent, expenses for clothing and footwear decreased by 0.4 percent, and transportation prices dropped by 0.3 percent during the same period. Month on month, Saudi Arabia's Consumer Price Index was stable in July, reflecting unchanged prices across multiple sectors. Transportation, restaurants, and hotels recorded no change, while clothing and footwear, health, telecommunications, and tobacco also held steady. Prices of housing, water, electricity, gas, and fuel rose 0.2 percent. Entertainment costs also increased 0.2 percent from June, while education expenses edged down 0.1 percent. GASTAT publishes Wholesale Price Index for July 2025 — الهيئة العامة للإحصاء (@Stats_Saudi) August 14, 2025 The report added that food and beverage prices fell 0.2 percent, followed by a 0.1 percent decline in personal goods and services. Wholesale Price Index In a separate report, GASTAT said Saudi Arabia's Wholesale Price Index rose 2.1 percent in July from a year earlier, driven by a 4.1 percent increase in prices of transportable goods. 'The prices of other transportable goods, except metal products, machinery, and equipment, increased by 4.1 percent, driven by an 8.3 percent rise in the prices of refined petroleum products, and an 8.6 percent increase in the prices of furniture and other transportable goods,' said GASTAT. Prices of agricultural and fishery products rose 4.4 percent, while metal products edged up 0.1 percent. Food products, beverages, tobacco, and textiles also increased 0.3 percent. Prices of ores and minerals fell 0.8 percent, driven by an equivalent drop in stone and sand prices. Average prices In a separate analysis, GASTAT said green beans and local eggs saw the largest month-on-month increases in July, both rising 3.2 percent. Imported chilled sheep meat and hay also recorded notable gains, up 2.2 percent and 2 percent, respectively. The steepest declines were in Pakistani mangoes and medium African lemons, with prices falling 12.7 percent and 11.5 percent, respectively.
