The point-of-sale (POS) transactions fell by 36% to SAR 6.12 billion in the week ending July 24, from SAR 9.53 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.
Data showed that a total of 84.7 million transactions were processed in the week ending July 24.
POS transactions represent what is spent by consumers using ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.
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Weekly POS Transactions |
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|
Week |
Number of Transactions (’000) |
Transactions’ Value |
Variation in Value |
|
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 25- May 1 |
91781 |
10731.1 |
+47% |
|
May 2- 8 |
94300 |
10877.5 |
+1% |
|
May 9- 15 |
90900 |
8621.7 |
(21%) |
|
May 16- 22 |
82211 |
7054.1 |
(18%) |
|
May 23- 29 |
96535 |
9168.3 |
+30% |
|
May 30- June 5 |
102397 |
9499.1 |
+4% |
|
June 6- 12 |
100417 |
8876.8 |
(7%) |
|
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%) |
All sectors declined during the week, except for hotels that rose by 7%.
Education led the declining sectors with a plunge of 93%, or SAR 3.13 million, followed by construction materials with 66%.
Consumer spending focused on the restaurants & cafes sector in the week ending July 24, with nearly SAR 1.16 billion, followed by food & beverages sector with SAR 1.07 billion, and clothes & footwear with SAR 533 million.
|
POS Transactions by Sector (SAR mln) |
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|
Segment |
Transactions’ Value Week Ending July 17 |
Transactions’ Value Week Ending July 24 |
Weekly Variation |
|
Education |
45.6 |
3.1 |
(93%) |
|
Construction Materials |
351.2 |
120.3 |
(66%) |
|
Transport |
542.7 |
197.5 |
(64%) |
|
Electronics & Electric Appliances |
272.9 |
119.0 |
(56%) |
|
Furniture |
326.0 |
152.2 |
(53%) |
|
Healthcare |
721.1 |
364.0 |
(50%) |
|
Telecommunications |
108.5 |
57.6 |
(47%) |
|
Clothes & Footwear |
988.2 |
533.0 |
(46%) |
|
Miscellaneous Goods & Services |
902.3 |
488.5 |
(46%) |
|
Jewelry |
266.0 |
157.2 |
(41%) |
|
Public Utilities |
85.5 |
51.3 |
(40%) |
|
Recreation & Culture |
249.7 |
175.8 |
(30%) |
|
Food & Beverages |
1361.7 |
1070.5 |
(21%) |
|
Fuel Stations |
557.8 |
486.1 |
(13%) |
|
Restaurants & Cafes |
1238.2 |
1164.3 |
(6%) |
|
Hotels |
171.2 |
183.0 |
+7% |
|
Other |
1339.3 |
800.3 |
(40%) |
|
Total |
9528.0 |
6123.8 |
(36%) |
Riyadh topped the POS transactions by cities in terms of value with nearly SAR 1.67 billion, representing 27% of the total sales. Jeddah came second with SAR 898.1 million.
|
POS Transactions by Cities (SAR mln) |
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|
City |
Transactions’ Value Week Ending July 17 |
Transactions’ Value Week Ending July 24 |
Weekly Variation |
|
Riyadh |
2855.6 |
1669.3 |
(42%) |
|
Jeddah |
1492.5 |
898.1 |
(40%) |
|
Dammam |
486.4 |
285.3 |
(41%) |
|
Madinah |
356.8 |
246.1 |
(31%) |
|
Al Khobar |
307.4 |
208.2 |
(32%) |
|
Makkah |
268.0 |
182.8 |
(32%) |
|
Buraydah |
245.3 |
160.8 |
(34%) |
|
Abha |
191.0 |
140.3 |
(27%) |
|
Hail |
170.5 |
110.1 |
(35%) |
|
Tabuk |
169.1 |
94.4 |
(44%) |
|
Other cities |
2985.3 |
2128.4 |
(29%) |
|
Total |
9528.0 |
6123.8 |
(36%) |
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