Economy and macroUpdated Yesterday

Saudi industrial contraction eases to 10.9%

Saudi industrial production’s contraction narrowed to 10.9% in September from 23.5% in August, Asharq Business with Bloomberg reported. The outlet also reported a month-on-month rise in the industrial production index, alongside a recovery in oil activities and improvement in manufacturing. The figures show a narrower contraction than in August, not a return to overall growth.

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