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Operating revenue index rises 11.4% in May

Riyadh city
The operating revenue index for short-term businesses in Saudi Arabia recorded a 11.4% year-on-year (YoY) increase in May 2026. This is the highest growth recorded since the General Authority for Statistics (GASTAT) began tracking the operating revenue index.
The index rose to 116.7 points in May (base year 2023), up from 104.7 points in May 2025, according to the authority's recently issued short-term business statistics bulletin.
The bulletin aims to track the short-term performance of economic sectors through monthly indicators measuring activity-level trends and growth rates across business establishments in the Kingdom.
The data also showed that growth in the operating revenue index continued to accelerate since the beginning of 2026, with the annual growth rate rising from 2.2% in January to 11.4% in May, as illustrated below:
|
Operating Revenue Index Since Early 2025* |
||
|
Period |
Index (Points) |
YoY Change |
|
January 2025 |
107.0 |
+4.0% |
|
February |
104.6 |
4.6% |
|
March |
107.6 |
+3.4% |
|
April |
102.6 |
(0.5%) |
|
May |
104.7 |
(0.9%) |
|
June |
107.7 |
+3.0% |
|
July |
108.0 |
+2.8% |
|
August |
108.7 |
+5.7% |
|
September |
109.1 |
+5.9% |
|
October |
109.3 |
+3.7% |
|
November |
108.0 |
+5.0% |
|
December |
108.6 |
+2.7% |
|
January 2026 |
109.4 |
+2.2% |
|
February |
109.8 |
+4.9% |
|
March |
118.0 |
+9.7% |
|
April |
113.4 |
+10.6% |
|
May |
116.7 |
+11.4% |
According to the bulletin, the annual growth was driven by a 9.6% rise in manufacturing activities and a 38.7% increase in mining and quarrying activities. It was also backed by the 3.6% YoY growth in wholesale, retail trade and repair of vehicles. In addition, the construction, and financial & insurance activities by 2.5% and 12.9% YoY, respectively.
The mining & quarrying activities recorded the highest annual growth rate at 38.7%, followed by financial and insurance activities (12.9%), as well as manufacturing (9.6%). Transportation & storage activities also rose by 9.5% YoY.
|
Operating Revenue Index by Economic Activity in May |
|||
|
Economic Activity |
Weight |
Index (Points) |
YoY Change |
|
Manufacturing |
30.0 |
119.5 |
+9.6% |
|
Mining & Quarrying |
21.8 |
100.8 |
+38.7% |
|
Wholesale and Retail Trade and Vehicle Repair |
16.0 |
125.2 |
+3.6% |
|
Construction |
8.1 |
120.1 |
+2.5% |
|
Financial and Insurance Activities |
4.7 |
121.9 |
+12.9% |
|
Information & Communications |
4.3 |
116.0 |
+4.8% |
|
Transportation & Storage |
3.2 |
124.2 |
+9.5% |
|
Accommodation and Food Services |
3.0 |
121.1 |
+8.2% |
|
Human Health & Social Work |
1.8 |
108.2 |
+1.3% |
|
Electricity, Gas, and Steam Supplies & Air-Conditioning |
1.8 |
149.0 |
+1.7% |
|
Administrative and Support Services |
1.6 |
113.6 |
+5.5% |
|
Professional, Scientific, and Technical Activities |
1.0 |
114.9 |
+0.5% |
|
Real Estate Activities |
0.7 |
117.7 |
+5.8% |
|
Other Service Activities |
0.6 |
124.3 |
+3.1% |
|
Water Supply, Sanitation Activities, and Waste Management and Treatment |
0.6 |
118.6 |
+0.5% |
|
Education |
0.6 |
104.2 |
+1.4% |
|
Arts, Entertainment, and Recreation |
0.2 |
133.6 |
+9.1% |
|
Index |
100 |
116.7 |
+11.4% |
The employee compensation index rose 9.8% YoY, supported by a 114% increase in manufacturing, construction (7.6%), wholesale and retail trade and vehicle repair (9.4%) and mining and quarrying (5%).
In terms of the annual growth rates, the accommodation and food services activities topped the list, rising 17.7%. Other service activities followed with 14.8% growth, then transportation & storage (13.6%), and financial activities and insurance (12.8%).
|
Employee Compensation Index by Economic Activity |
|||
|
Economic Activity |
Weight |
Index (Points) |
YoY Change |
|
Manufacturing |
22.6 |
132.7 |
+11.4% |
|
Construction |
13.3 |
118.3 |
+7.6% |
|
Wholesale and Retail Trade and Vehicle Repair |
13.3 |
129.4 |
+9.4% |
|
Mining & Quarrying |
9.1 |
132.1 |
+5.0% |
|
Financial and Insurance Activities |
6.8 |
122.1 |
+12.8% |
|
Transportation & Storage |
5.5 |
127.2 |
+13.6% |
|
Information & Communications |
5.5 |
122.7 |
+9.3% |
|
Human Health & Social Work |
4.6 |
122.0 |
+10.2% |
|
Administrative and Support Services |
3.9 |
130.4 |
+11.5% |
|
Accommodation and Food Services |
3.8 |
120.1 |
+17.7% |
|
Electricity, Gas, and Steam Supplies & Air-Conditioning |
2.8 |
128.0 |
+1.5% |
|
Education |
2.0 |
110.9 |
+9.6% |
|
Professional, Scientific, and Technical Activities |
1.8 |
124.7 |
+9.5% |
|
Other Service Activities |
1.6 |
126.5 |
+14.8% |
|
Real Estate Activities |
1.6 |
127.8 |
+10.1% |
|
Water Supply, Sanitation Activities, and Waste Management and Treatment |
1.4 |
130.5 |
+2.5% |
|
Arts, Entertainment, and Recreation |
0.5 |
137.5 |
+11.5% |
|
Index |
100 |
126.8 |
+9.8% |
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