POS transactions fall 18% to SAR 7.39 bln in week ending Oct. 10

14/10/2020 Argaam Special


The point-of-sale (POS) transactions declined by 18% to reach SAR 7.39 billion in the week ending Oct. 10, 2020, from SAR 9.03 billion in the previous week, according to the data issued by the Saudi Arabian Monetary Authority (SAMA).


Data showed that a total of 69.8 million transactions were processed in the week ending Oct. 10.

 

Weekly POS Transactions

Week

No. of transactions

 (‘000)

Transactions’ value
(SAR mln)

Variation in value

May 10 - 16

38132

6002.6

--

May 17 - 23

41324

6491.3

+8%

May 24 - 30

29082

3253.2

(50%)

May 31 – June 6

50281

7854.4

+141%

June 7 - 13

48209

7295.8

(7%)

June 14 - 20

46704

7261.2

(0.5%)

June 20 - 27

53786

9191.3

+27%

June 28 – July 4

62811

10467.1

+14%

July 5 – July 11

58929

6704.6

(36%)

July 12 – July 18

57092

6529.7

(3%)

July 19 – July 25

57513

6803.0

+4%

July 26 – August 1

68315

8196.8

+20%

Aug. 2 – Aug. 8

57243

6038.2

(26%)

Aug. 9 – Aug. 15

61057

6738.2

+12%

Aug. 16 – Aug. 22

58543

6598.1

(2%)

Aug. 23 – Aug. 29

65156

8548.8

+30%

Aug. 30 – Sept. 5

69654

8452.8

(1%)

Sept. 6 – Sept. 12

67353

7331.6

(13%)

Sept. 12 – Sept. 19

64385

6878.9

(6%)

Sept. 20 – Sept. 26

67003

7677.2

+12%

Sept. 27 – Oct. 3

75427

9029.5

+18%

Oct. 4 – Oct. 10

69849

7394.4

(18%)

 

 

All sectors witnessed a decrease in POS sales during the week ending Oct. 10.

 

Education sector topped the declining sectors, with 33%, through SAR 83.1 million sales. It was followed by Miscellaneous Goods & Services sector and Food & Beverages sector with 25% each.

 

Consumer spending focused on Food & Beverages sector during the same week, with nearly SAR 1.18 billion, followed by Restaurants & Cafes sector with SAR 996.4 million and the Healthcare sector with SAR 652.2 million.

 

POS Transactions by Sector in Week (SAR mln)

Sector

Transactions’ value
Week ending Oct. 3

Transactions’ value
Week ending Oct. 10

Weekly variation

Education

123.6

83.1

(33%)

Miscellaneous Goods & Services

798.8

595.9

(25%)

Food & Beverages

1573.6

1180.2

(25%)

Telecommunications

74.4

58.0

(22%)

Electronics and Electric Appliances

338.2

265.8

(21%)

Healthcare

828.4

652.2

(21%)

Transport

510.2

418.5

(18%)

Furniture

351.7

289.5

(18%)

Clothes and footwear

663.5

546.2

(18%)

Public Utilities

88.8

75.6

(15%)

Recreation & Culture

282.8

246.1

(13%)

Jewelry

222.1

194.7

(12%)

Hotels

138.9

124.0

(11%)

Fuel Stations

335.7

302.6

(10%)

Restaurants & Cafes

1098.5

996.4

(9%)

Construction materials

376.3

351.4

(7%)

Other

1224.0

1014.3

(17%)

Total

9029.5

7394.4

(18%)

 
 

 

Riyadh topped the POS transactions by cities in terms of value with SAR 2.41 billion, representing 33% of the total sales. Jeddah came second with SAR 1.22 billion.

 

POS Transactions by Cities in Week (SAR mln)

City

Transactions’ Value
Week Ending

Oct. 3

Transactions’ Value Week Ending Oct. 10

Weekly Variation

Riyadh

2855.0

2412.7

(15%)

Jeddah

1428.5

1219.0

(15%)

Dammam

508.6

423.3

(17%)

Al Khobar

334.3

281.2

(16%)

Al-Madinah

331.5

262.6

(21%)

Makkah

262.8

211.6

(19%)

Buraydah

234.6

196.1

(16%)

Tabuk

181.0

127.5

(30%)

Hail

151.9

118.2

(22%)

Abha

139.8

112.6

(19%)

Other cities

2601.6

2029.6

(22%)

Total

9029.5

7394.4

(18%)

 

 

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