Riyadh – Mubasher: The Saudi industrial production index (IPI) dropped by 10% on a yearly basis in November 2020 as production in mining and quarrying activity went down by 9%, as shown by official data.
Saudi Arabia lowered its oil production from 9.8 million barrels per day (b/d) in November 2019 to 8.9 million b/d in November 2020.
In November, manufacturing activities fell by 15.6% annually as the Covid-19 pandemic led many factories to reduce production operations.
When compared to October 2020, industrial production levelled down by 0.4%.
