The point-of-sale (POS) transactions increased by 14% to SAR 10.47 billion in the week ending July 4, 2020, from SAR 9.19 billion in the previous week, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Data showed that a total of 62.8 million transactions were processed in the week ending July 4.

 

It is worth noting that Saudi Arabia imposed 15% value-added tax (VAT) as of July 1, 2020.

 

Weekly POS Transactions

Week

No. of transactions

(‘000)

Transactions’ value

(SAR mln)

Variation in Value

May 10 - 16

38132

6002.6

--

May 17- 23

41324

6491.3

+8%

May 24 - 30

29082

3253.2

(50%)

May 31 – June 6

50281

7854.4

+141%

June 07-13

48209

7295.8

(7 %)

June 14-20

46704

7261.2

(0.5 %)

June 21-27

53786

9191.3

+27%

June 28- July 4

62811

10467.1

+14%

 

The POS sales of major sectors increased during the week ending July 4, with the hotels and education sectors rising by 51% respectively, followed by the clothes and footwear sector with 34%.

 

Meanwhile, the construction materials sector decreased 13%, followed by the transport sector with 12.8%.

 

Consumer spending focused on food & beverages sector in the week ending July 4, valued at nearly SAR 1.53 billion, followed by restaurants and cafes sector with SAR 901.2 million and the miscellaneous goods and services with SAR 842.8 million.

 

POS Transactions by Sector in week ending July 4, 2020

(SAR mln)

Sector

Transactions’ value

Ending June 27

Transactions’ value

Ending July 4

Weekly variation

Hotels

73.17

110.62

 + 51.2 %

Education

76.80

115.68

+ 50.6 %

Clothes and footwear

608.09

815.62

+ 34.1 %

Telecommunications

79.08

102.36

+ 29.4 %

Healthcare

631.89

807.72

+ 27.8 %

Restaurants & Cafes

716.33

901.17

 + 25.8 %

Fuel stations

169.19

211.49

+ 25.0 %

Miscellaneous goods & services

677.00

842.75

+ 24.5 %

Food & Beverages

1,228.89

1,526.68

+ 24.2 %

Recreation & Culture

294.91

342.11

+ 16.0 %

Jewelry

564.10

636.99

+ 12.9 %

Public Utilities

98.13

106.13

+ 8.2 %

Furniture

599.44

601.00

+ 0.3 %

Electronics and electric appliances

571.25

544.84

(4.6%)

Transport

691.23

602.76

(12.8%)

Construction materials

794.85

687.51

(13.5%)

Other

1,317.01

1,511.62

+ 14.8 %

Total

9,191.35

10,467.07

+ 13.9 %
 

Riyadh topped the POS transactions by cities with SAR 3.2 billion, representing 30% of the total sales, followed by Jeddah with SAR 1.7 billion.

 

POS Transactions by Cities in week ending July 4, 2020

(SAR mln)

City

Transactions’ value Ending June 27

Transactions’ value

Ending July 4

Weekly variation

Riyadh

2,808.2

3,169.1

+12.9%

Jeddah

1,489.7

1,664.4

+11.7%

Dammam

546.7

601.9

+10.1%

Madinah

337.6

386.6

+14.5%

Al Khobar

330.6

370.4

+12.0%

Buraydah

274.5

298.1

+8.6%

Makkah

242.1

290.9

+20.1%

Tabuk

158.1

198.5

+25.6%

Hail

157.8

190.3

+20.6%

Abha

144.2

177.5

+23.1%

Other cities

2,701.8

3,119.2

+15.4%

Total

9,191.35

10,467.07

+13.9%
 

 

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