POS weekly transactions up to SAR 14.6 bln: SAMA

08/03/2023 Argaam Special
POS device

POS device


The point-of-sale (POS) transactions reached nearly SAR 14.57 billion in the week ended March 4, compared to SAR 10.40 billion in the week before, data issued by the Saudi Central Bank (SAMA) showed. 

 

Last week’s transaction value is the highest in 10 months, especially the week from April 24-30, 2022, when it reached SAR 15.97 billion.  

 

Data showed that about 182.04 million transactions were processed during the week. 

 

POS transactions represent what consumers spend using ATMs and credit cards in shopping malls, retail stores, pharmacies, etc. 

  

The following table shows the weekly development in POS transactions: 

 

Weekly POS Transactions

Week

Number of Transactions

(’000)

Value of Transactions
(SAR mln)

Weekly Change

Jan. 2-8, 2022

122898

10226.8

(14%)

Jan. 9-15

120676

9505.0

(7%)

Jan. 16-22

111506

8774.0

(8%)

Jan. 23-29

125208

10448.9

+19%

Jan. 30-Feb. 5

129020

10548.4

+1%

Feb. 6-12

122877

9326.1

(12%)

Feb. 13-19

118885

8819.1

(5%)

Feb. 20-26

120587

9407.8

+7%

Feb. 27-Mar. 5

139521

12018.0

+28%

Mar. 6-12

135386

10807.9

(10%)

Mar. 13-19

128050

10735.3

(0.6%)

Mar. 20-26

128246

10667.8

(0.6%)

Mar. 27-Apr. 2

153351

14051.5

+32%

Apr. 3-9

110387

9640.0

(31%)

Apr. 10-16

114444

9990.8

+4%

Apr. 17-23

112462

10424.4

+4%

Apr. 24-30

153055

15971.6

+53%

May 1-7

120147

8402.9

(47%)

May 8-14

128325

9318.6

+11%

May 15-21

124158

8810.7

(5%)

May 22-28

139381

10971.0

+25%

May 29-June 4

144698

11168.0

+2%

June 5-11

142458

10344.7

(7%)

June 12-18

135206

9928.9

(4%)

June 19-25

126682

9421.8

(5%)

June 26-July 2

159518

13434.0

+43%

July 3-9

151178

12090.5

(10%)

July 10-16

122999

8067.2

(33%)

July 17-23

125027

8947.0

+11%

July 24-30

147102

11422.3

+28%

July 31-Aug. 6

145051

10803.1

(5%)

Aug. 7-13

143471

10302.2

(5%)

Aug. 14-20

138608

10191.1

(1%)

Aug. 21-27

142718

11586.2

+14%

Aug. 28-Sept. 3

162486

13502.0

+17%

Sept. 4-10

147651

10588.1

(22%)

Sept. 11-17

147526

10243.8

(3%)

Sept. 18-24

142432

10425.5

+1%

Sept. 25-Oct. 1

160613

12844.9

+23%

Oct. 2-8

154383

10819.8

(16%)

Oct. 9-15

151340

10265.2

(5%)

Oct. 16-22

138928

9513.2

(7%)

Oct. 23-29

156360

11687.2

+23%

Oct. 30-Nov. 5

160288

11750.0

+1%

Nov. 6-Nov. 12

154213

10601.1

(10%)

Nov. 13-Nov. 19

145626

9799.2

(8%)

Nov. 20-Nov. 26

142629

10022.1

+2%

Nov. 27- Dec. 3

171207

13681.5

+37%

Dec. 4-10

153088

11050.4

(19%)

Dec. 11-17

155366

10739.3

(3%)

Dec. 18-24

142409

9742.2

(9.3%)

Dec. 25-31

168373

13456.6

+38%

Jan. 1-7, 2023

157175

11173.8

(17%)

Jan. 8-14

155827

10673.8

(4%)

Jan. 15-21

144764

9713.0

(9%)

Jan. 22-28

141095

10105.4

+4%

Jan. 29- Feb. 4

167916

12020.5

+19%

Feb. 5- Feb. 11

160761

10912.3

(9%)

Feb. 12- Feb. 18

152195

10347.3

(5%)

Feb. 19- Feb. 25

147813

10399.4

+1%

Feb. 26- Mar. 4

182044

14574.1

+40%

 
 

All sectors reported solid performance, led by education (216%) and telecommunications (61%). Food and beverages (F&B) as well as clothes and footwear followed at 56% each.

 

During the week, consumer spending focused on F&B with nearly SAR 2.40 billion, and restaurants and cafes at SAR 1.99 billion, as shown below:

 

The following table details consumer spending in each sector:

 

POS Transactions by Sector (SAR mln)

Sector

Value of

Transactions in

Week Ended Feb. 25

Value of

Transactions in

 Week Ended Mar. 4

Weekly Change

Education

73.7

232.9

+216%

Telecommunications

77.2

124.5

+61%

F&B

1532.2

2397.7

+56%

Clothes & Footwear

691.0

1080.9

+56%

Miscellaneous Goods & Services

1040.3

1508.7

+45%

Recreation & Culture

238.9

341.2

+43%

Transport

561.4

770.5

+37%

Healthcare

693.0

936.6

+35%

Public Utilities

96.3

127.3

+32%

Fuel Stations

641.9

845.4

+32%

Jewelry

212.5

274.6

+29%

Restaurants & Cafes

1578.7

1985.4

+26%

Furniture

348.6

438.7

+26%

Hotels

293.7

357.8

+22%

Construction Materials

371.9

433.7

+17%

Electronics & Electric Appliances

283.8

295.0

+4%

Others

1664.3

2423.2

+46%

Total

10399.4

14574.1

+40%

 
 

Riyadh topped the POS transactions in terms of value with almost SAR 4.6 billion, or 32% of total sales. Jeddah came second with SAR 2.05 billion, as indicated below:

 

POS Transactions by City (SAR mln)

City

Value of

Transactions in

Week Ended Feb. 25

Value of

Transactions in

Mar. 4Week Ended 

Weekly Change

Riyadh

3452.4

4600.0

+33%

Jeddah

1555.1

2049.9

+32%

Dammam

535.9

738.2

+38%

Makkah

433.9

587.1

+35%

Madinah

420.6

579.4

+38%

Al Khobar

320.4

416.5

+30%

Buraydah

258.8

359.1

+39%

Tabuk

170.9

283.9

+66%

Hail

163.1

255.7

+57%

Abha

129.0

184.2

+43%

Other Cities

2959.2

4520.1

+53%

Total

10399.4

14574.1

+40%

 

 

Details and Historical Data of Consumer Spending

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