Consumer spending falls 2% to SAR 112.7B in June

An ATM machine

Consumer spending in Saudi Arabia declined by nearly 2% to SAR 112.7 billion in June 2024 from almost SAR 115.4 billion in the same month last year.

Consumer spending in the Kingdom represents total cash withdrawals, point-of-sale (POS) transactions, and e-commerce via Mada cards.

POS transactions saw a 2% year-on-year (YoY) rise to around SAR 52.8 billion in June.

The data showed that 825.8 million transactions were processed through 1.8 million POS terminals during the same period.

POS transactions represent the expenditures made by consumers using their ATM cards and credit cards at shopping malls, retail stores, pharmacies, and other retail outlets.

The table below indicates the development of POS transactions:
 

Cash withdrawals from ATMs fell by 11% YoY to about SAR 44.8 billion in June.

These withdrawals were processed through 15,700 ATMs in 121.7 million transactions.
 

E-commerce sales through Mada cards climbed 13% YoY to SAR 15.1 billion in June.

According to monthly data issued by the Saudi Central Bank (SAMA), these sales were made through 88.8 million transactions.

Online sales include transactions processed through Mada cards for payments and purchases made via online shopping and applications. However, these do not include transactions conducted using Visa, Mastercard, or other credit cards.

The table below indicates the development of online sales via Mada cards: