The point-of-sale (POS) transactions rose by 30% to SAR 8.55 billion in the week ending August 29, 2020, from SAR 6.60 billion in the previous week, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
Data showed that a total of 65.2 million transactions were processed in the week ending August 29.
|
Weekly POS Transactions |
|||
|
Week |
No. of transactions (‘000) |
Transactions’ value (SAR mln) |
Variation in Value |
|
May 10 - 16 |
38132 |
6002.6 |
-- |
|
May 17- 23 |
41324 |
6491.3 |
+8% |
|
May 24 - 30 |
29082 |
3253.2 |
(50%) |
|
May 31 – June 6 |
50281 |
7854.4 |
+141% |
|
June 07-13 |
48209 |
7295.8 |
(7%) |
|
June 14-20 |
46704 |
7261.2 |
(0.5%) |
|
June 21-27 |
53786 |
9191.3 |
+27% |
|
June 28 - July 4 |
62811 |
10467.1 |
+14% |
|
July 5-11 |
58929 |
6704.6 |
(36%) |
|
July 12-18 |
57092 |
6529.7 |
(3%) |
|
July 19-25 |
57513 |
6803.0 |
+4% |
|
July 26 – Aug. 1 |
68315 |
8196.8 |
+20% |
|
Aug. 2-8 |
57244 |
6038.2 |
(26%) |
|
Aug. 9-15 |
61057 |
6738.2 |
+12% |
|
Aug. 16-22 |
58543 |
6598.1 |
(2%) |
|
Aug. 23-29 |
65156 |
8548.8 |
+30% |
The POS sales of the majority of sectors rose during the week ending Aug. 29, except for hotels sector which ebbed by 1%.
The education sector topped the higher sectors by about 308%, through sales amounting to SAR 757.5 million, followed by recreation & culture and telecommunications sectors, which saw 72% and 54% increase, respectively.
The new academic session in Saudi Arabia started at the beginning of the current week (remotely).
Consumer spending focused on food & beverages sector during the same week, valued at nearly SAR 1.43 billion, followed by restaurants and cafes sector with SAR 958.1 million and the education sector with SAR 757.5 million.
|
POS Transactions by Sector in week ending Aug. 29, 2020 (SAR mln) |
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|
Sector |
Transactions’ value Ending Aug. 22 |
Transactions’ value Ending Aug. 29 |
Weekly variation |
|
Education |
185.7 |
757.5 |
+308% |
|
Recreation & Culture |
234.8 |
402.8 |
+72% |
|
Telecommunications |
47.0 |
72.2 |
+54% |
|
Food & Beverages |
1053.4 |
1426.2 |
+35% |
|
Electronics and electric appliances |
265.2 |
333.7 |
+26% |
|
Miscellaneous goods & services |
482.6 |
595.7 |
+23% |
|
Clothes and footwear |
427.9 |
516.6 |
+21% |
|
Public Utilities |
65.4 |
78.1 |
+19% |
|
Healthcare |
594.7 |
685.4 |
+15% |
|
Transport |
386.6 |
446.0 |
+15% |
|
Fuel stations |
261.8 |
298.1 |
+14% |
|
Furniture |
255.9 |
287.0 |
+12% |
|
Jewelry |
148.8 |
166.3 |
+12% |
|
Restaurants & Cafes |
858.0 |
958.1 |
+12% |
|
Construction materials |
327.9 |
329.8 |
+1% |
|
Hotels |
136.3 |
134.4 |
(1%) |
|
Other |
866.1 |
1061.1 |
+23% |
|
Total |
6598.1 |
8548.8 |
+30% |
Riyadh topped the POS transactions by cities in terms of value with SAR 2.82 billion, representing 33% of the total sales. Jeddah came second with over SAR 1.39 billion.
|
POS Transactions by City in week ending Aug. 29, 2020 (SAR mln) |
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|
City |
Transactions’ value Week ending Aug. 22 |
Transactions’ value Week ending Aug. 29 |
Weekly variation |
|
Riyadh |
2121.3 |
2817.0 |
+33% |
|
Jeddah |
1108.4 |
1394.8 |
+26% |
|
Dammam |
367.1 |
468.9 |
+28% |
|
Al Khobar |
262.6 |
347.8 |
+32% |
|
Madinah |
233.6 |
308.7 |
+32% |
|
Makkah |
179.2 |
240.0 |
+34% |
|
Buraydah |
177.5 |
209.1 |
+18% |
|
Tabuk |
105.7 |
159.9 |
+51% |
|
Abha |
124.5 |
141.7 |
+14% |
|
Hail |
102.4 |
136.0 |
+33% |
|
Other cities |
1815.7 |
2325.0 |
+28% |
|
Total |
6598.1 |
8548.8 |
+30% |
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