Electronic payment device
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 |
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%) |
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