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

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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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