The point-of-sale (POS) transactions rose by 36% to SAR 9.15 billion in the week ending Oct. 31, 2020, from SAR 6.71 billion in the previous week, reaching its highest level in 17 weeks since the week ended July 4, 2020 when it reached SAR 10.5 million, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
Saudi Arabia started implementing a 15% value-added tax (VAT) from July 1, 2020.
Data showed that a total of 77.7 million transactions were processed in the week ending Oct. 31.
|
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 7 - 13 |
48209 |
7295.8 |
(7%) |
|
June 14 - 20 |
46704 |
7261.2 |
(0.5%) |
|
June 20 - 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 |
57243 |
6038.2 |
(26%) |
|
Aug. 9 - 15 |
61057 |
6738.2 |
+12% |
|
Aug. 16 - 22 |
58543 |
6598.1 |
(2%) |
|
Aug. 23 - 29 |
65156 |
8548.8 |
+30% |
|
Aug. 30 - Sept. 5 |
69654 |
8452.8 |
(1%) |
|
Sept. 6 - 12 |
67353 |
7331.6 |
(13%) |
|
Sept. 12-19 |
64385 |
6878.9 |
(6%) |
|
Sept. 20-26 |
67003 |
7677.2 |
+12% |
|
Sept. 27- Oct. 3 |
75427 |
9029.5 |
+18% |
|
Oct. 4-10 |
69849 |
7394.4 |
(18%) |
|
Oct. 11-17 |
68564 |
6923.8 |
(6%) |
|
Oct. 18-24 |
65150 |
6712.4 |
(3%) |
|
Oct. 25-31 |
77718 |
9149.1 |
+36% |
All sectors witnessed a rise in POS sales during the week, led by the education sector which rose by 74%, with POS transactions worth SAR 83.1 million, followed by Electronics and electric appliances (62%) and clothes and footwear (56%).
Consumer spending focused on food & beverages sector during the week, valued at nearly SAR 1.55 billion, followed by restaurants and cafes sector with SAR 1.13 billion and the Clothes and footwear sector with SAR 791.3 million.
|
POS Transactions by Sector (SAR mln) |
|||
|
Sector |
Transactions’ value Week ending Oct. 24 |
Transactions’ value Week ending Oct. 31 |
Weekly variation |
|
Clothes and footwear |
507.7 |
791.3 |
+ 56 % |
|
Construction materials |
348.9 |
384.7 |
+ 10 % |
|
Education |
47.8 |
83.1 |
+ 74 % |
|
Electronics and electric appliances |
247.9 |
400.5 |
+ 62 % |
|
Fuel stations |
274.7 |
336.5 |
+ 22 % |
|
Healthcare |
573.4 |
737.2 |
+ 29 % |
|
Furniture |
275.6 |
357.3 |
+ 30 % |
|
Hotels |
119.3 |
153.0 |
+ 28 % |
|
Public Utilities |
59.5 |
73.9 |
+ 24 % |
|
Jewelry |
181.5 |
225.6 |
+ 24 % |
|
Miscellaneous goods & services |
511.2 |
723.3 |
+ 41 % |
|
213.1 |
296.6 |
+ 39 % |
|
|
Restaurants & Cafes |
897.6 |
1129.0 |
+ 26 % |
|
Food & Beverages |
1081.4 |
1553.3 |
+ 44 % |
|
Telecommunications |
53.4 |
73.2 |
+ 37 % |
|
Transport |
391.7 |
536.2 |
+ 37 % |
|
Other |
927.8 |
1294.7 |
+ 40 % |
|
Total |
6712.4 |
9149.1 |
+ 36 % |
Riyadh topped the POS transactions by cities in terms of value with SAR 2.91 billion, representing 32% of the total sales. Jeddah came second with over SAR 1.41 billion.
|
POS Transactions by Cities in Week (SAR mln) |
|||
|
City |
Transactions’ value Oct. 24 |
Transactions’ value
|
Weekly variation |
|
Tabuk |
115.1 |
179.8 |
+ 56 % |
|
Hail |
111.3 |
160.6 |
+ 44 % |
|
Abha |
93.7 |
132.3 |
+ 41 % |
|
Makkah |
186.2 |
268.0 |
+ 44 % |
|
Buraydah |
181.1 |
239.0 |
+ 32 % |
|
Al Khobar |
260.7 |
343.9 |
+ 32 % |
|
Al-Madinah |
235.5 |
332.3 |
+ 41 % |
|
Dammam |
380.9 |
516.1 |
+ 35 % |
|
Jeddah |
1,089.7 |
1,412.7 |
+ 30 % |
|
Riyadh |
2,196.5 |
2,907.9 |
+ 32 % |
|
Other cities |
1,861.7 |
2,656.5 |
+ 43 % |
|
Total |
6,712.4 |
9,149.1 |
+ 36 % |
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