POS transactions decline 2% to SAR 6.6 bln in week ending August 22

The point-of-sale (POS) transactions fell by 2% to SAR 6.6 billion in the week ending August 22, 2020, from SAR 6.74 billion in the previous week, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

Data showed that a total of 58.5 million transactions were processed in the week ending August 22.

Weekly POS Transactions
Week	No. of transactions (‘000)	Transactions’ value (SAR mln)	Variation in Value
May 10 - 16	38,132	6,002.6	--
May 17 - 23	41,324	6,491.3	+8%
May 24 - 30	29,082	3,253.2	(50%)
May 31 – June 6	50,281	7,854.4	+141%
June 7-13	48,209	7,295.8	(7%)
June 14-20	46,704	7,261.2	(0.5%)
June 21-27	53,786	9,191.3	+27%
June 28 - July 4	62,811	10,467.1	+14%
July 5-11	58,929	6,704.6	(36%)
July 12-18	57,092	6,529.7	(3%)
July 19-25	57,513	6,803.0	+4%
July 26 – Aug. 1	68,315	8,196.8	+20%
Aug. 2 - 8	57,243	6,038.2	(26%)
Aug. 9 - 15	61,057	6,738.2	+12%
Aug. 16 - 22	58,543	6,598.1	(2%)

The POS sales of the majority of sectors dropped during the week ending August 22, led by the clothes and footwear, which fell by about 11%, followed by hotels and miscellaneous goods & services sectors, which saw 9% and 7% decline, respectively.

On the other hand, education sector’s POS transactions saw the sharpest increase during the week ending August 22, rising by 148%, followed by recreation & culture sector and electronics & electric appliances sector with an increase of 16% and 10%, respectively.

Consumer spending focused on food & beverages sector during the same week, valued at nearly SAR 1.05 billion, followed by restaurants and cafes sector with SAR 858 million and the healthcare sector with SAR 595 million.

POS Transactions by Sector in week ending Aug. 22, 2020 (SAR mln)
Sector	Transactions’ value Ending Aug. 15	Transactions’ value Ending Aug. 22	Weekly variation
Clothes and footwear	478.2	427.9	(10.5%)
Hotels	149.1	136.3	(8.6%)
Miscellaneous goods & services	520.2	482.6	(7.2%)
Healthcare	637.3	594.7	(6.7%)
Jewelry	158.6	148.8	(6.2%)
Telecommunications	49.6	47.0	(5.3%)
Restaurants & Cafes	899.8	858.0	(4.7%)
Fuel stations	272.8	261.8	(4.0%)
Transport	402.5	386.6	(3.9%)
Food & Beverages	1,093.4	1,053.4	(3.6%)
Public Utilities	66.5	65.4	(1.7%)
Furniture	259.1	255.9	(1.2%)
Construction materials	328.9	327.9	(0.3%)
Electronics and electric appliances	241.9	265.2	+9.6%
Recreation & Culture	202.0	234.8	+16.2%
Education	74.9	185.7	+148.1%
Other	903.4	866.1	(4.1%)
Total	6,738.2	6,598.1	(2.1%)

Riyadh topped the POS transactions by cities in terms of value with SAR 2.1 billion, representing 32% of the total sales. Jeddah came second with over SAR 1.1 billion.

POS Transactions by Cities in week ending Aug. 22, 2020 (SAR mln)
City	Transactions’ value Week ending Aug. 15	Transactions’ value Week ending Aug. 22	Weekly variation
Riyadh	2,090.2	2,121.3	+1.5%
Jeddah	1,126.3	1,108.4	(1.6%)
Dammam	366.4	367.1	+0.2%
Al Khobar	252.2	262.6	+4.1%
Madinah	240.1	233.6	(2.7%)
Makkah	184.1	179.2	(2.7%)
Buraydah	181.8	177.5	(2.3%)
Abha	144.0	124.5	(13.5%)
Tabuk	108.5	105.7	(2.6%)
Hail	107.7	102.4	(4.9%)
Other cities	1,936.7	1,815.7	(6.2%)
Total	6,738.2	6,598.1	(2.1%)

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