AI Summary
Saudi banknotes
Consumer spending in Saudi Arabia rose 11% year-on-year (YoY) to SAR 87.78 billion during August 2021, from SAR 79.21 billion in the same period a year earlier, data issued by the Saudi Central Bank (SAMA) showed.
Consumer spending in the Kingdom advanced by 10% YoY to about SAR 701.4 billion in August.
Consumer spending includes the sum of cash withdrawals and point-of-sale (POS).
The following table shows consumer spending in Saudi Arabia:
|
Consumer Spending (SAR bln) |
|||
|
Month |
2020 |
2021 |
Variation |
|
January |
91.47 |
89.24 |
(2%) |
|
February |
82.33 |
76.06 |
(8%) |
|
March |
81.69 |
95.50 |
+17% |
|
April |
56.73 |
90.52 |
+60% |
|
May |
67.94 |
89.79 |
+32% |
|
June |
86.40 |
85.44 |
(1%) |
|
July |
89.17 |
87.09 |
(2%) |
|
August |
79.21 |
87.78 |
+11% |
|
September |
86.24 |
-- |
-- |
|
October |
86.53 |
-- |
-- |
|
November |
85.79 |
-- |
-- |
|
December |
92.68 |
-- |
-- |
POS value in the Kingdom jumped 32% to nearly SAR 40.97 billion in August, compared to SAR 31.15 billion in the same month last year.
Data showed that a total of 465.8 million transactions were processed through 879,500 points-of-sale in the month.
POS transactions represent what is spent by consumers using their ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.
|
POS Transactions (SAR bln) |
|||
|
Month |
2020 |
2021 |
Variation |
|
January |
28.53 |
37.27 |
+31% |
|
February |
25.93 |
31.05 |
+20% |
|
March |
24.79 |
40.84 |
+65% |
|
April |
16.18 |
39.17 |
+142% |
|
May |
23.45 |
40.27 |
+72% |
|
June |
37.02 |
38.70 |
+5% |
|
July |
31.51 |
38.85 |
+23% |
|
August |
31.15 |
40.97 |
+32% |
|
September |
33.21 |
-- |
-- |
|
October |
33.64 |
-- |
-- |
|
November |
34.26 |
-- |
-- |
|
December |
37.62 |
-- |
-- |
Cash withdrawals declined by 3% to SAR 46.8 billion in August, from SAR 48.1 billion last year.
The withdrawals were processed through 16,830 ATMs and through 131.97 million transactions.
|
ATM Withdrawals (SAR bln) |
|||
|
Month |
2020 |
2021 |
Variation |
|
January |
62.94 |
51.97 |
(17%) |
|
February |
56.39 |
45.01 |
(20%) |
|
March |
56.90 |
54.66 |
(4%) |
|
April |
40.55 |
51.35 |
+27% |
|
May |
44.49 |
49.52 |
+11% |
|
June |
49.38 |
46.74 |
(5%) |
|
July |
57.66 |
48.24 |
(16%) |
|
August |
48.06 |
46.81 |
(3%) |
|
September |
53.03 |
-- |
-- |
|
October |
52.89 |
-- |
-- |
|
November |
51.53 |
-- |
-- |
|
December |
55.06 |
-- |
-- |
Be the first to comment
Comments Analysis: