Saudi POS transactions reach SR14.6 billion last week
RIYADH — The value of weekly sales through point-of-sale (POS) transactions, from August 2 to 8, reached SR14.6 billion, compared to SR16.31 billion in the previous week, according to the weekly report issued on Wednesday by the Saudi Central Bank (SAMA). Consumer spending through POS transactions in the Kingdom last week was concentrated in the food and beverage sector, amounting to SR2.28…
RIYADH — Saudi Arabia's point-of-sale (POS) transactions totaled SR14.6 billion in the week of August 2 to 8, a decrease of approximately 5.1 percent from the previous week's SR16.31 billion, according to the Saudi Central Bank's (SAMA) weekly report released on Wednesday. The majority of consumer spending during this period was in the food and beverage sector, totaling SR2.28 billion across 58.41 million transactions.
Restaurants and cafes followed closely, with SR1.9 billion in spending from 61.23 million transactions. The third-largest spending sector was clothing and accessories, with SR1.26 billion from 10.81 million transactions. Transportation services accounted for SR1.09 billion from 7.29 million transactions, while fuel stations recorded SR1.03 billion from 17.82 million transactions.
In terms of location, Riyadh took the lead with SR4.88 billion in spending, a 6.7 percent drop compared to the preceding week, through 80.36 million transactions. Jeddah followed in second place with SR1.98 billion, a 9.3 percent decrease, from 28.4 million transactions.
Written by urgent.news from Saudi Gazette's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
