POS weekly transactions fall to SAR 9.4 bln: SAMA

29/06/2022 Argaam Special

POS device


The point-of-sale (POS) transactions reached around SAR 9.42 billion in the week ended June 25, compared to around SAR 9.93 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.

 

Data showed that 126.681 million transactions were processed last week.

 

POS transactions represent consumer spending through ATMs and credit cards in shopping malls, retail stores, pharmacies, etc.

   

The following table shows the weekly POS transactions: 

 

Weekly POS Transactions  

Week  

Number of Transactions (’000)  

Value of Transactions
(SAR mln)  

Change in Value  

June 13- 19  

94783

8289.6

(7%)

June 20- 26  

94112

8357.9

+1%

June 27- July 3  

111340

10749.8

+29%

July 4 – 10  

104460

9352.1

(13%)

July 11 – 17  

106481

9528.0

+2%

July 18 – 24  

84706

6123.8

(36%)

July 25 – 31  

106791

9713.3

+59%

Aug. 1- 7  

105714

9020.7

(7%)

Aug. 8-14  

104697

8714.5

(3%)

Aug. 15-21  

96937

8002.2

(8%)

Aug. 22-28  

110497

10539.9

+32%

Aug. 29- Sept. 4  

112375

10196.7

(3%)

Sept. 5-11  

110220

9021.1

(12%)

Sept. 12-18  

104519

8373.1

(7%)

Sept. 19-25  

103627

8852.0

+6%

Sept. 26- Oct. 2  

119137

11027.4

+25%

Oct. 3-9 

113012

9157.7

(17%)

Oct. 10-16 

111255

8679.0

(5%)

Oct. 17-23 

102766

8021.9

(8%)

Oct. 24-30 

118497

10345.0

+29%

Oct. 30- Nov. 6 

118141

10003.1

(3%)

Nov. 7-13 

115481

9173.8

(8%)

Nov. 14-20 

107843

8459.4

(8%)

Nov. 21-27

112231

9418.4

+11%

Nov. 28- Dec. 4

129984

12059.1

+28%

Dec. 5-11

120149

10010.9

(17%)

Dec. 12-18

113088

9048.2

(10%)

Dec. 19- 25

107557

8646.2

(4%)

Dec. 26- Jan. 1, 2022

132018

11839.9

+37%

Jan. 2- Jan. 8

122898

10226.8

(14%)

Jan. 9-15

120676

9505.0

(7%)

Jan. 16-22

111506

8774.0

(8%)

Jan. 23-29

125208

10448.9

+19%

Jan. 30- Feb. 5

129020

10548.4

+1%

Feb. 6-12

122877

9326.1

(12%)

Feb. 13-19

118885

8819.1

(5%)

Feb. 20-26

120587

9407.8

+7%

Feb. 27-March 5

139521

12018.0

+28%

March 6-12

135386

10807.9

(10%)

March 13-19

128050

10735.3

(0.6%)

March 20-26

128246

10667.8

(0.6%)

March 27- April 2

153351

14051.5

+32%

April 3-9

110387

9640.0

(31%)

April 10-16

114444

9990.8

+4%

April 17-23

112462

10424.4

+4%

April 24-30

153055

15971.6

+53%

May 1-7

120147

8402.9

(47%)

May 8-14

128325

9318.6

+11%

May 15-21

124158

8810.7

(5%)

May 22-28

139381

10971.0

+25%

May 29- June 4

144698

11168.0

+2%

June 5-11

142458

10344.7

(7%)

June 12-18

135206

9928.9

(4%)

June 19-25

126682

9421.8

(5%)

 
 

Majority of sectors saw declines during the week, except for education and telecommunication sectors, which rose 30% and 3%, respectively.

 

 On the other hand, hotels sector saw the steepest decline by 19%, followed by restaurants & cafes sector (-10%), and gas stations (-8%).

 

Consumer spending was focused on both sectors of restaurants and cafe and food and beverages in the week, with nearly SAR 1.32 billion each. 

 

The below table highlights consumer spending by sector:

 

POS Transactions by Sector (SAR mln)

Sector

Transaction Value Week Ended June 18

Transaction Value Week Ended June 25

Weekly Change

Hotels

189.6

153.8

(19%)

Restaurants & Cafe

1469.7

1323.1

(10%)

Gas Stations

645.1

592.2

(8%)

Public Utilities

87.9

81.4

(7%)

Health

733.7

688.1

(6%)

Furniture

290.5

275.9

(5%)

Jewelry

236.4

225.5

(5%)

Miscellaneous Goods & Services

1073.5

1018.8

(5%)

Beverages & Food

1382.4

1319.7

(5%)

Transportation

608.1

587.5

(3%)

Construction & Building Materials

383.3

372.3

(3%)

Clothing & Footwear

667.0

656.1

(2%)

Electronic & Electric Devices

244.3

240.4

(2%)

Recreation & Culture

245.5

243.3

(1%)

Telecommunication

86.1

88.7

+3%

Education

106.9

138.7

+30%

Other

1479.0

1416.1

(4%)

Total

9928.9

9421.8

(5%)

 
 

Riyadh topped the POS transactions in terms of value, with nearly SAR 3.04 billion, representing 32% of the total sales. Jeddah came second with SAR 1.5 billion.

 

POS Transactions by City (SAR mln)

City

Transaction Value Week Ended June 18

Transaction Value Week Ended June 25

Weekly Change

Riyadh

3159.9

3044.3

(4%)

Jeddah

1600.4

1527.1

(5%)

Dammam

555.7

536.5

(4%)

Madinah

349.4

323.5

(7%)

Al Khobar

321.8

304.9

(5%)

Buraydah

251.1

238.9

(5%)

Makkah

320.8

291.1

(9%)

Abha

150.1

137.9

(8%)

Hail

159.5

144.7

(9%)

Tabuk

182.3

168.4

(8%)

Other Cities

2877.8

2704.3

(6%)

Total

9928.9

9421.8

(5%)

 
 

Details and historical data of consumer spending 

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