Electronic payment device
The point-of-sale (POS) transactions rose by 25% to SAR 11.03 billion in the week ending Oct. 2, from SAR 8.85 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.
Data showed that 119.1 million transactions were processed in the week ending Oct. 2.
POS transactions represent what is spent by consumers using ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.
The following table shows the weekly development of POS transactions:
|
Weekly POS Transactions |
|||
|
Week |
Number of Transactions (’000) |
Value of Transactions |
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%) |
|
Aug. 15-21 |
96937 |
8002.2 |
(8%) |
|
Aug. 22-28 |
110497 |
10539.9 |
+32% |
|
Aug. 29- Sept. 4 |
112375 |
10196.7 |
(3%) |
|
Sept. 5-11 |
110220 |
9021.1 |
(12%) |
|
Sept. 12-18 |
104519 |
8373.1 |
(7%) |
|
Sept. 19-25 |
103627 |
8852.0 |
+6% |
|
Sept. 26- Oct. 2 |
119137 |
11027.4 |
+25% |
Most sectors witnessed a rise in POS during the week ending Oct. 2, led by the education sector, which soared by 127%. Food and beverages sector came second with an increase of 51%.
On the other hand, furniture and hotels sectors retreated by 2% and 14%, respectively.
Consumer spending focused on the food and beverages sector in the week, with nearly SAR 1.83 billion, representing 17% of POS transactions, followed by the restaurants and cafes sector with SAR 1.39 billion.
The following table gives details of consumer spending in each sector:
|
POS Transactions by Sector (SAR mln) |
|||
|
Segment |
Transaction Value Week Ending Sept. 25 |
Transaction Value Week Ending Oct. 2 |
Weekly Variation |
|
Education |
62.8 |
142.4 |
+127% |
|
Food & Beverages |
1212.3 |
1825.8 |
+51% |
|
Telecommunications |
84.0 |
124.6 |
+48% |
|
Miscellaneous Goods & Services |
837.5 |
1119.1 |
+34% |
|
Transport |
456.1 |
607.9 |
+33% |
|
Recreation & Culture |
265.6 |
345.6 |
+30% |
|
Healthcare |
693.1 |
895.7 |
+29% |
|
Public Utilities |
78.5 |
97.6 |
+24% |
|
Jewelry |
197.3 |
230.8 |
+17% |
|
Fuel Stations |
563.8 |
655.2 |
+16% |
|
Construction Materials |
349.8 |
402.5 |
+15% |
|
Clothes & Footwear |
635.7 |
717.8 |
+13% |
|
Electronics & Electric Appliances |
293.6 |
331.1 |
+13% |
|
Restaurants & Cafes |
1245.5 |
1393.6 |
+12% |
|
Furniture |
416.2 |
408.5 |
(2%) |
|
Hotels |
195.3 |
167.2 |
(14%) |
|
Other |
1264.9 |
1562.0 |
+24% |
|
Total |
8852.0 |
11027.4 |
+25% |
Riyadh topped the POS transactions by cities in terms of value with nearly SAR 3.37 billion, representing 31% of the total sales. Jeddah came second with SAR 1.68 billion.
|
POS Transactions by City (SAR mln) |
|||
|
City |
Transaction Value Week Ending Sept. 25 |
Transaction Value Week Ending Oct. 2 |
Weekly Variation |
|
Riyadh |
2802.2 |
3367.6 |
+20% |
|
Jeddah |
1434.3 |
1678.1 |
+17% |
|
Dammam |
470.3 |
577.5 |
+23% |
|
Madinah |
329.1 |
406.1 |
+23% |
|
Al Khobar |
315.7 |
349.6 |
+11% |
|
Makkah |
294.4 |
371.2 |
+26% |
|
Buraydah |
231.3 |
274.1 |
+19% |
|
Tabuk |
152.8 |
229.9 |
+51% |
|
Hail |
139.9 |
192.4 |
+38% |
|
Abha |
129.9 |
163.4 |
+26% |
|
Other Cities |
2552.2 |
3417.4 |
+34% |
|
Total |
8852.0 |
11027.4 |
+25% |
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