POS machine
The point-of-sale (POS) transactions fell 8% to SAR 8.02 billion in the week ending Oct. 23, from SAR 8.68 billion in the previous week, the lowest in nine weeks, data issued by the Saudi Central Bank (SAMA) showed.
Data showed that 102.8 million transactions were processed in the week ending Oct. 23.
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% |
|
Oct. 3-9 |
113012 |
9157.7 |
(17%) |
|
Oct. 10-16 |
111255 |
8679.0 |
(5%) |
|
Oct. 17-23 |
102766 |
8021.9 |
(8%) |
All others witnessed a decline in POS, except for construction materials sector that inched up 0.4%, during the week ending Oct. 23.
Education sector led the decliners with a 26% drop followed by telecommunications and recreation & culture sectors falling 24% and 14%, respectively.
Consumer spending focused on the food and beverages sector and restaurants & cafes sector in the week, with nearly SAR 1.19 billion each.
The following table gives details of consumer spending in each sector:
|
POS Transactions by Sector (SAR mln) |
|||
|
Segment |
Transaction Value Week Ending Oct. 16 |
Transaction Value Week Ending Oct. 23 |
Weekly Variation |
|
Education |
70.3 |
51.7 |
(26%) |
|
Telecommunications |
102.5 |
78.1 |
(24%) |
|
Recreation & Culture |
267.8 |
231.3 |
(14%) |
|
Hotels |
194.6 |
171.0 |
(12%) |
|
Public Utilities |
79.9 |
72.0 |
(10%) |
|
Fuel Stations |
594.2 |
542.3 |
(9%) |
|
Miscellaneous Goods & Services |
833.3 |
764.4 |
(8%) |
|
Healthcare |
655.2 |
604.6 |
(8%) |
|
Food & Beverages |
1292.2 |
1193.9 |
(8%) |
|
Transport |
487.4 |
455.7 |
(7%) |
|
Restaurants & Cafes |
1275.0 |
1192.6 |
(6%) |
|
Clothes & Footwear |
569.8 |
537.3 |
(6%) |
|
Jewelry |
192.6 |
185.0 |
(4%) |
|
Electronics & Electric Appliances |
239.6 |
230.9 |
(4%) |
|
Furniture |
272.5 |
267.6 |
(2%) |
|
Construction Materials |
352.7 |
354.0 |
+0.4% |
|
Other |
1199.4 |
1089.5 |
(9%) |
|
Total |
8679.0 |
8021.9 |
(8%) |
Riyadh topped the POS transactions by cities in terms of value with nearly SAR 2.53 billion, representing 32% of the total sales. Jeddah came second with SAR 1.29 billion.
|
POS Transactions by City (SAR mln) |
|||
|
City |
Transaction Value Week Ending Oct. 16 |
Transaction Value Week Ending Oct. 23 |
Weekly Variation |
|
Riyadh |
2705.6 |
2532.5 |
(6%) |
|
Jeddah |
1357.1 |
1286.9 |
(5%) |
|
Dammam |
465.0 |
432.5 |
(7%) |
|
Madinah |
316.9 |
293.1 |
(8%) |
|
Al Khobar |
292.1 |
271.3 |
(7%) |
|
Makkah |
298.3 |
269.7 |
(10%) |
|
Buraydah |
218.3 |
202.8 |
(7%) |
|
Tabuk |
159.9 |
142.3 |
(11%) |
|
Hail |
144.2 |
130.2 |
(10%) |
|
Abha |
124.3 |
115.0 |
(7%) |
|
Other Cities |
2597.2 |
2345.8 |
(10%) |
|
Total |
8679.0 |
8021.9 |
(8%) |
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