‎POS weekly transactions hit SAR 11.2 bln: SAMA

‎POS weekly transactions hit SAR 11.2 bln: SAMA

The point-of-sale (POS) transactions reached around SAR 11.17 billion in the week ended June 4, compared to around SAR 10.97 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.

Data showed that 144.7 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:

Education sector was the top performer, rising by 104%. It was followed by electronic and electric appliances (15%) and telecommunications (9%).

On the other hand, hotels sector saw the steepest decline by 25%, followed by restaurants & cafes sector declining by 3%.

Consumer spending was focused on the food & beverages sector in the week, with nearly SAR 1.71 billion, representing 15% of total sales, followed by the restaurants & cafes sector with SAR 1.58 billion.

The below table highlights consumer spending by sector:

Riyadh topped the POS transactions in terms of value, with nearly SAR 3.46 billion, representing 31% of the total sales. Jeddah came second with SAR 1.72 billion.

Details and historical data of consumer spending