POS transactions surge 47% to SAR 10.7 bln in week ending May 1: SAMA

05/05/2021 Argaam Special


The point-of-sale (POS) transactions rose by 47% to SAR 10.7 billion in the week ending May 1, 2021, from SAR 7.3 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.

 

Data showed that a total of 91.8 million transactions were processed in the week ending May 1.

 

Weekly POS Transactions

Week

No. of transactions

(000)

Transactions’ value

(SAR mln)

Variation in Value

Sept. 6-12

67353

7331.6

(13%)

Sept. 12-19

64385

6878.9

(6%)

Sept. 20-26

67003

7677.2

+12%

Sept. 27-Oct. 3

75427

9029.5

+18%

Oct. 4-10

69849

7394.4

(18%)

Oct. 11-17

68564

6923.8

(6%)

Oct. 18-24

65150

6712.4

(3%)

Oct. 25-31

77718

9149.1

+36%

Nov. 1-7

74869

8077.5

(12%)

Nov. 8-14

73330

7520.7

(7%)

Nov. 15-21

70091

7229.5

(4%)

Nov. 22-28

76623

8647.6

+20%

Nov. 29-Dec. 5

80816

9004.8

+4%

Dec. 6-12

76453

7976.9

(11%)

Dec. 13-19

73145

7484.8

(6%)

Dec. 20-26

72225

7602.0

+2%

Dec. 27-Jan. 2, 2021

90695

10738.1

+41%

Jan. 3-9

81579

8516.5

(21%)

Jan. 10-16

81146

8184.2

(4%)

Jan. 17-23

72492

7509.7

(8%)

Jan. 24-30

85085

9302.2

+24%

Jan. 31-Feb. 6

83184

8555.9

(8%)

Feb. 7-13

78653

7631.0

(11%)

Feb. 14-20

75594

7188.2

(6%)

Feb. 21-27

74531

7341.8

+2%

Feb. 28-March 6

91204

9879.4

+35%

March 7-13

87814

8548.6

(13%)

March 14-20

86005

8458.2

(1%)

March 21-27

86553

8820.9

+4%

March 28-April 3

101622

11375.0

+29%

April 4–10

96104

10043.1

(12%)

April 11–17

81624

8196.8

(18%)

April 18–24

72190

7315.1

(11%)

April 24– May 1

91781

10731.1

+47%

 

 

All sectors witnessed a rise in POS during the week ending May 1, led by clothes and footwear, which surged by 98%. It was followed by jewelry that leapt by 83%.

 

Higher sales in these sectors during this week coincides with the preparations for Eid Al-Fitr.

 

Consumer spending focused on clothes and footwear sector during the week, valued at nearly SAR 1.62 billion, followed by food and beverages with sales of SAR 1.52 million and restaurants and cafes with SAR 933.1 million.

 

POS Transactions by Sector (SAR mln)

Sector

Transactions’ value Week ending April 24

Transactions’ value Week ending

 May 1

Weekly variation

Clothes & footwear

820.3

1623.9

+98%

Jewelry

251.4

460.0

+83%

Education

65.9

113.0

+71%

Recreation & Culture

207.8

352.8

+70%

Hotels

102.1

158.4

+55%

Telecommunications

100.2

154.6

+54%

Miscellaneous goods & services

623.9

930.7

+49%

Restaurants & Cafes

662.4

933.1

+41%

Healthcare

567.5

769.4

+36%

Food & Beverages

1125.5

1524.0

+35%

Transport

432.0

570.7

+32%

Furniture

304.5

400.0

+31%

Fuel stations

382.9

492.9

+29%

Public Utilities

65.5

83.0

+27%

Electronics & electric appliances

241.8

303.3

+25%

Construction materials

295.2

327.0

+11%

Other

1066.3

1534.4

+44%

Total

7315.1

10731.1

+47%

 

 

Riyadh topped the POS transactions by cities in terms of value with nearly SAR 3.17 billion, representing 30% of the total sales. Jeddah came second with over SAR 1.77 billion.

 

POS Transactions by Cities (SAR mln)

City

Transactions’ value Week ending April 24

Transactions’ value Week ending

 May 1

Weekly variation

Riyadh

2298.6

3169.8

+38%

Jeddah

1216.0

1767.0

+45%

Dammam

413.3

568.1

+37%

Makkah

288.7

459.3

+59%

Al Madinah

260.1

427.4

+64%

Al Khobar

245.0

330.6

+35%

Buraydah

184.6

265.4

+44%

Hail

122.4

212.5

+70%

Tabuk

125.0

189.7

+55%

Abha

96.9

152.1

+57%

Other cities

2064.5

3189.3

+55%

Total

7315.1

10731.1

+47%

 

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