POS transactions drop 3% to SAR 8.7 bln in week ending Aug. 14: SAMA

18/08/2021 Argaam Special


The point-of-sale (POS) transactions declined by 3% to SAR 8.71 billion in the week ending Aug. 14, from SAR 9.02 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.

 

Data showed that a total of 104.7 million transactions were processed in the week ending Aug. 14.

 

POS transactions represent what is spent by consumers using ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.

 

Weekly POS Transactions

Week

Number of Transactions (’000)

Transactions’ Value
(SAR mln)

Variation in Value

Jan. 3- 9

81579

8516.5

(21%)

Jan. 10- 16

81146

8184.2

(4%)

Jan. 17- 23

72492

7509.7

(8%)

Jan. 24- 30

85085

9302.2

+24%

Jan. 31- Feb. 6

83184

8555.9

(8%)

Feb. 7-13

78653

7631.0

(11%)

Feb. 14- 20

75594

7188.2

(6%)

Feb. 21- 27

74531

7341.8

+ 2%

Feb. 28- March 6

91204

9879.4

+ 35%

March 7- 13

87814

8548.6

(13%)

March 14- 20

86005

8458.2

(1%)

March 21- 27

86553

8820.9

+4%

March 28- April 3

101622

11375.0

+29%

April 4- 10

96104

10043.1

(12%)

April 11- 17

81624

8196.8

(18%)

April 18- 24

72190

7315.1

(11%)

April 25- May 1

91781

10731.1

+47%

May 2- 8

94300

10877.5

+1%

May 9- 15

90900

8621.7

(21%)

May 16- 22

82211

7054.1

(18%)

May 23- 29

96535

9168.3

+30%

May 30- June 5

102397

9499.1

+4%

June 6- 12

100417

8876.8

(7%)

June 13- 19

94783

8289.6

(7%)

June 20- 26

94112

8357.9

+1%

June 27- July 3

111340

10749.8

+29%

July 4 – 10

104460

9352.1

(13%)

July 11 – 17

106481

9528.0

+2%

July 18 – 24

84706

6123.8

(36%)

July 25 – 31

106791

9713.3

+59%

Aug. 1- 7

105714

9020.7

(7%)

Aug. 8-14

104697

8714.5

(3%)

 

 

All sectors witnessed a decline in POS during the week ending Aug. 14, except for education and jewelry, which increased by 56% and 6%, respectively.

 

Electronics & electric appliances sector led the decline, falling 12% in the week. It was followed by clothes & footwear and hotels sectors with a 9% decline each.

 

Consumer spending focused on the food and beverages sector in the week ending Aug. 14, with nearly SAR 1.34 billion, representing 15% of POS transactions, followed by restaurants and cafes sector with SAR 1.25 billion.

 

POS Transactions by Sector (SAR mln)

Segment

Transactions’ Value Week Ending Aug. 7

Transactions’ Value Week Ending Aug. 14

Weekly Variation

Electronics & Electric Appliances

287.5

253.5

(12%)

Hotels

216.1

195.8

(9%)

Clothes & Footwear

593.2

539.6

(9%)

Miscellaneous Goods & Services

901.8

828.7

(8%)

Transport

524.8

501.7

(4%)

Telecommunications

90.9

87.8

(3%)

Healthcare

698.1

677.3

(3%)

Restaurants & Cafes

1287.2

1250.0

(3%)

Fuel Stations

589.0

576.2

(2%)

Furniture

285.8

279.7

(2%)

Public Utilities

84.8

83.0

(2%)

Recreation & Culture

234.6

230.2

(2%)

Food & Beverages

1360.8

1337.9

(2%)

Construction Materials

340.5

335.1

(2%)

Jewelry

219.3

231.9

+6%

Education

95.6

149.1

+ 56%

Other

1,210.9

1,157.0

(4%)

Total

9020.7

8714.5

(3%)

 
 

Riyadh topped the POS transactions by cities in terms of value with nearly SAR 2.63 billion, representing 30% of the total sales. Jeddah came second with SAR 1.41 billion.

 

POS Transactions by City (SAR mln)

City

Transactions’ Value Week Ending Aug. 7

Transactions’ Value Week Ending Aug. 14

Weekly Variation

Riyadh

2,688.9

2,627.5

(2%)

Jeddah

1,452.6

1,410.2

(3%)

Dammam

457.8

438.5

(4%)

Madinah

325.9

322.2

(1%)

Al Khobar

294.5

277.7

(6%)

Makkah

281.1

288.1

(3%)

Buraydah

219.4

214.3

(2%)

Abha

200.7

179.1

(11%)

Tabuk

156.9

153.4

(2%)

Hail

144.6

139.5

(4%)

Other cities

2798.2

2664.1

(5%)

Total

9020.7

8714.5

(3%)

 

 

For more data, visit Argaam Tools

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