POS transactions hit SAR 8.68 bln in week ending Oct. 16: SAMA

20/10/2021 Argaam Special

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The point-of-sale (POS) transactions fell 5% to SAR 8.68 billion in the week ending Oct. 16, from SAR 9.16 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.

 

Data showed that 111.3 million transactions were processed in the week ending Oct. 16.

 

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
(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%) 

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% 

Oct. 3-9

113012

9157.7

(17%) 

Oct. 10-16

111255

8679.0

(5%) 

 

 

 

Except for the hotels sector, which rose 24%, all others witnessed a decline in POS during the week ending Oct. 16.

 

Education sector led the decliners with a 26% drop.

 

It was followed by miscellaneous goods and services sector, and, food and beverages sector with a fall of 9% and 8%, respectively.

 

Consumer spending focused on the food and beverages sector in the week, with nearly SAR 1.29 billion, representing 15% of POS transactions, followed by the restaurants and cafes sector with SAR 1.28 billion. 

 

The following table gives details of consumer spending in each sector:

 

POS Transactions by Sector (SAR mln)

Segment

Transaction Value Week Ending Oct. 9

Transaction Value Week Ending Oct. 16

Weekly Variation

Education

94.8

70.3

(26%)

Miscellaneous Goods & Services

915.2

833.3

(9%)

Food & Beverages

1403.6

1292.2

(8%)

Electronics & Electric Appliances

257.9

239.6

(7%)

Furniture

293.0

272.5

(7%)

Clothes & Footwear

612.2

569.8

(7%)

Public Utilities

85.8

79.9

(7%)

Healthcare

701.6

655.2

(7%)

Jewelry

201.4

192.6

(4%)

Transport

503.2

487.4

(3%)

Construction Materials

360.8

352.7

(2%)

Restaurants & Cafes

1297.4

1275.0

(2%)

Fuel Stations

598.1

594.2

(1%)

Recreation & Culture

269.3

267.8

(1%)

Telecommunications

102.6

102.5

--

Hotels

156.8

194.6

+24%

Other

1303.9

1199.4

(8%)

Total

9157.7

8679.0

(5%)

 

 

Riyadh topped the POS transactions by cities in terms of value with nearly SAR 2.71 billion, representing 31% of the total sales. Jeddah came second with SAR 1.36 billion.

 

POS Transactions by City (SAR mln)

City

Transaction Value Week Ending Oct. 9

Transaction Value Week Ending Oct. 16

Weekly Variation

Riyadh

2881.1

2705.6

(6%)

Jeddah

1427.7

1357.1

(5%)

Dammam

490.4

465.0

(5%)

Madinah

332.1

316.9

(5%)

Makkah

305.4

298.3

(2%)

Al Khobar

296.8

292.1

(2%)

Buraydah

228.2

218.3

(4%)

Tabuk

173.2

159.9

(8%)

Hail

153.3

144.2

(6%)

Abha

132.8

124.3

(6%)

Other Cities

2736.6

2597.2

(5%)

Total

9157.7

8679.0

(5%)

 

 

Details and historical data for consumer spending

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