The point-of-sale (POS) transactions fell by 36% to SAR 6.7 billion in the week ending July 11, 2020, from SAR 10.47 billion in the previous week, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
Data showed that a total of 58.93 million transactions were processed in the week ending July 11.
It is worth noting that Saudi Arabia imposed 15% value-added tax (VAT) as of July 1, 2020.
|
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 07-13 |
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 %) |
The POS sales of major sectors dropped during the week ending July 11, with the jewelry sector falling by about 72%, followed by the electronics and electric appliances sector and the construction materials with 56% decline, each.
Consumer spending focused on food & beverages sector in the week ending July 11, valued at nearly SAR 1.1 billion, followed by restaurants and cafes sector with SAR 846 million and the healthcare sector with SAR 662.2 million.
|
POS Transactions by Sector in week ending July 11, 2020 (SAR mln) |
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|
Sector |
Transactions’ value Ending July 4 |
Transactions’ value Ending July 11 |
Weekly variation |
|
Jewelry |
636.99 |
179.71 |
(71.8%) |
|
Electronics and electric appliances |
544.84 |
238.66 |
(56.2%) |
|
Construction materials |
687.51 |
303.15 |
(55.9%) |
|
Furniture |
601.00 |
267.61 |
(55.5%) |
|
Education |
115.68 |
53.97 |
(53.3%) |
|
Telecommunications |
102.36 |
51.91 |
(49.3%) |
|
Recreation & Culture |
342.11 |
205.89 |
(39.8%) |
|
Transport |
602.76 |
376.86 |
(37.5%) |
|
Miscellaneous goods & services |
842.75 |
530.51 |
(37.1%) |
|
Public Utilities |
106.13 |
66.86 |
(36.9%) |
|
Food & Beverages |
1,526.68 |
1,095.52 |
(28.2%) |
|
Clothes and footwear |
815.62 |
585.77 |
(28.2%) |
|
Healthcare |
807.72 |
662.19 |
(18.0%) |
|
Hotels |
110.62 |
103.05 |
(6.8%) |
|
Restaurants & Cafes |
901.17 |
845.98 |
(6.1%) |
|
Fuel stations |
211.49 |
209.86 |
(0.8%) |
|
Other |
1,511.62 |
927.13 |
(38.7%) |
|
Total |
10,467.07 |
6,704.61 |
(35.9%) |
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