11.3% growth in consumer spending in Saudi Arabia through points of sale during the past week

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Consumer spending through points of sale in Saudi Arabia during the last week ending on November 27, achieved a growth of 11.3 percent, compared to the previous week ending on November 21.
According to the monitoring unit of the reports in Al-Eqtisadiah newspaper, which was based on data from the Saudi Central Bank “Sama”, consumer spending during the week ending on November 27 amounted to about 9.42 billion riyals, compared to about 8.46 billion riyals for the previous week, with a difference of 959 million riyals.

Regarding the performance of the sectors compared to the previous week, all sectors grew, to the top of the “hotels” sector by 59.2 percent, with sales amounting to 242.6 million riyals, recording the highest weekly spending since mid-January.
Followed by the education sector after recording sales of 93.6 million riyals, a growth of 35.5 per cent, while the sales of the jewelry sector increased by 28.9 per cent, followed by the clothing and footwear sector by 24.2 per cent.

As for the sectors that spend the most in terms of percentage, we find the sales of the “restaurants and cafes” and “food and beverages” sectors, which accounted for 14 percent and at a value of 1.32 billion riyals each.
At the level of cities, spending in the capital, Riyadh, grew by 10.6 percent to reach 3.03 billion riyals, which constitutes 32.1 percent of the total sales of points of sale, while spending in the city of Jeddah amounted to about 1.5 billion riyals, equivalent to 15.8 percent, and about 500.8 million riyals. in the city of Dammam.

In addition, the number of operations executed through point of sale devices during the past week increased by 4.1 percent to reach about 112.2 million operations for all sectors, compared to about 107.8 million operations in the previous week, bringing the average of one operation to about 83.9 riyals.





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