Consumer spending through points of sale in Saudi Arabia during the last week ending October 29 achieved a growth of 29 percent, compared to the previous week ending October 23.
To reach consumer spending during the week ending October 29 about 10.34 billion riyals, compared to about 8.02 billion riyals for the previous week, a difference of 2.3 billion riyals.
According to the monitoring of the reporting unit in Al-Eqtisadiya newspaper based on data from the Saudi Central Bank “SAMA”, the volume of spending during last week is the highest in four weeks.
About the performance of the sectors compared to the previous week, all sectors grew, led by the “education” sector with a growth of 83.2 percent with sales of 94.7 million riyals.
Followed by the electrical and electronic devices sector after recording sales of 358.7 million riyals and a growth of 55.4 percent, then the food and beverage sector as well as clothing and shoes, which grew by more than 40 percent.
About the sectors that spent the most in terms of percentage, we find the sales of the “food and beverages” sector, which accounted for 16.5 percent with a value of 1.7 billion riyals, then the “restaurants and cafes” sector, with sales of 1.4 billion riyals and 13.6 percent, the highest sales in 17 weeks.
At the level of cities, spending in the capital Riyadh grew by 25.3 percent to reach 3.17 billion riyals, accounting for 30.7 percent of total POS sales, while spending in Jeddah reached about 1.53 billion riyals, equivalent to 14.8 percent, and about 548.9 million riyals in the city of Dammam.
In addition, the number of transactions carried out through POS devices during the past week grew by 15.3 percent to reach about 118.5 million transactions for all sectors compared to about 102.77 million transactions for the previous week, with the average transaction per transaction amounting to about 87.3 riyals.
The number of transactions carried out through POS devices during the past week grew by 15.3 percent to 118.5 million transactions for all sectors, compared to 102.77 million transactions for the previous week.
