POS transactions drop 7% to SAR 8.37 bln in week ending Sept. 18: SAMA

22/09/2021 Argaam Special

Electronic Payment Device


The point-of-sale (POS) transactions declined by 7% to SAR 8.37 billion in the week ending Sept. 18, from SAR 9.02 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.

 

Data showed that a total of 104.5 million transactions were processed in the week ending Sept. 18.

 

POS transactions represent what is spent by consumers using ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.

 

Weekly POS Transactions

Week

Number of Transactions (’000)

Transactions’ Value
(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%)

 

 

Most sectors witnessed a decline in POS during the week ending Sept. 18, led by the education sector, which fell by 47%. The telecommunications and recreation & culture sectors came second with a decline of 18% each.

  

Consumer spending focused on the food and beverages sector in the week, with nearly SAR 1.25 billion, representing 15% of POS transactions, followed by restaurants and cafes sector with SAR 1.15 billion.

 

POS Transactions by Sector (SAR mln)

Segment

Transactions’ Value Week Ending Sept. 11

Transactions’ Value Week Ending Sept. 18

Weekly Variation

Education

246.8

129.8

(47%)

Telecommunications

96.0

78.8

(18%)

Recreation & Culture

275.4

226.8

(18%)

Food & Beverages

1386.3

1246.7

(10%)

Public Utilities

86.9

78.3

(10%)

Fuel Stations

607.4

559.3

(8%)

Restaurants & Cafes

1243.7

1149.1

(8%)

Miscellaneous Goods & Services

865.5

806.3

(7%)

Electronics & Electric Appliances

263.8

246.6

(7%)

Transport

519.2

489.4

(6%)

Hotels

140.5

132.8

(5%)

Healthcare

682.9

661.3

(3%)

Clothes & Footwear

558.2

540.6

(3%)

Construction Materials

336.1

338.5

+1%

Jewelry

185.4

188.4

+2%

Furniture

306.8

336.6

+10%

Other

1220.1

1163.9

(5%)

Total

9021.1

8373.1

(7%)

 

 

Riyadh topped the POS transactions by cities in terms of value with nearly SAR 2.68 billion, representing 32% of the total sales. Jeddah came second with SAR 1.34 billion.

 

POS Transactions by City (SAR mln)

City

Transactions’ Value Week Ending Sept. 11

Transactions’ Value Week Ending Sept. 18

Weekly Variation

Riyadh

2849.1

2684.9

(6%)

Jeddah

1406.8

1335.6

(5%)

Dammam

478.2

450.9

(6%)

Madinah

327.6

296.6

(9%)

Al Khobar

297.4

283.6

(5%)

Makkah

291.8

270.4

(7%)

Buraydah

228.2

211.4

(7%)

Tabuk

169.4

152.5

(10%)

Hail

150.3

133.6

(11%)

Abha

136.0

124.2

(9%)

Other Cities

2686.3

2429.4

(10%)

Total

9021.1

8373.1

(7%)

 

 

Details and historical data of consumer spending 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.