POS weekly transactions decline to SAR 10.1B: SAMA

24/04/2024 Argaam Special

POS weekly transactions decline to SAR 10.1B: SAMA

POS device


Point-of-sale (POS) transactions in Saudi Arabia totaled approximately SAR 10.14 billion in the week ended April 20, down from SAR 11.35 billion in the previous week.

 

The value of POS transactions last week was the lowest in six months, or since Oct. 21, 2023, when it was SAR 10.06 billion.

 

For more POS data on Argaam Tools

 

The number of POS transactions reached about 171.04 million last week, according to data issued by SAMA.

 

POS transactions represent consumer expenditures through debit and credit cards at major shopping centers, retail outlets, pharmacies, and others.

 

Weekly POS Transactions

Week

Number of Transactions

(‘000)

Value of Transactions
(SAR mln)

Change (%)

April 9 - April 15

156,734

13,039.3

+4%

April 16 - April 22

153,692

12,004.0

(8%)

April 23 - April 29

155,411

10,377.6

(14%)

April 30 - May 6

172,577

11,592.9

+12%

May 7 - May 13

171,464

10,890.2

(6%)

May 14 - May 20

160,857

10,092.0

(7%)

May 21 - May 27

163,445

10,705.0

+6%

May 28 - June 3

188,590

13,815.2

+29%

June 4 - June 10

173,918

11,686.9

(15%)

June 11 - June 17

175,694

11,651.8

(0.3%)

June 18 - June 24

171,662

12,295.7

+6%

June 25 - July 1

177,776

12,123.1

(1%)

July 2 - July 8

166,489

11,189.6

(8%)

July 9 - July 15

171,246

10,919.2

(2%)

July 16 - July 22

159,618

10,120.9

(7%)

July 23 - July 29

173,387

11,917.3

+18%

July 30 – Aug. 5

183,645

12,664.7

+6%

Aug. 6 – Aug. 12

178,956

11,969.1

(5%)

Aug. 13 – Aug. 19

172,775

12,020.6

+0.4%

Aug. 20 – Aug. 26

166,097

11,367.7

(5%)

Aug. 27 – Sept. 2

195,602

13,836.3

+22%

Sept. 3 – Sept. 9

180,155

11,326.9

(18%)

Sept. 10 – Sept. 16

181,876

11,186.1

(1%)

Sept. 17 – Sept. 23

173,910

10,869.2

(3%)

Sept. 24 – Sept. 30

191,142

13,624.6

+25%

Oct. 1 – Oct. 7

189,423

12,145.5

(11%)

Oct. 8 – Oct. 14

183,772

11,146.7

(8%)

Oct. 15 – Oct. 21

169,962

10,056.6

(10%)

Oct. 22 – Oct. 28

186,331

12,301.9

+22%

Oct. 29 – Nov. 4

193,290

12,779.8

+4%

Nov. 5 – Nov. 11

185,865

11,500.1

(10%)

Nov. 12 – Nov. 18

180,221

11,271.4

(2%)

Nov. 19 – Nov. 25

171,930

11,247.8

(0.2%)

Nov. 26 – Dec. 2

204,688

14,874.1

+32%

Dec. 3 – Dec. 9

187,765

12,067.1

(19%)

Dec. 10 – Dec. 16

186,657

11,637.5

(4%)

Dec. 17 – Dec. 23

171,770

10,701.7

(8%)

Dec. 24 – Dec. 30

198,191

13,989.3

+31%

Dec. 31 – Jan. 6, 2024

198,013

13,393.8

(4%)

Jan. 7– Jan. 13

191,673

12,347.1

(8%)

Jan. 14– Jan. 20

172,823

10,607.7

(14%)

Jan. 21– Jan. 27

178,011

11,039.9

+4%

Jan. 28- Feb. 3

204,897

14,327.4

+30%

Feb. 4- Feb. 10

188,307

11,873.1

(17%)

Feb. 11- Feb. 17

191,200

11,965.4

+1%

Feb. 18- Feb. 24

186,346

12,137.9

+1%

Feb. 25- March 2

212,770

16,209.2

+34%

March 3- March 9

206,227

14,768.8

(9%)

March 10- March 16

168,615

11,688.2

(21%)

March 17- March 23

160,246

11,461.0

(2%)

March 24- March 30

174,062

14,028.5

+22%

March 31- April 6

203,174

16,537.9

+2%

April 7- April 13

179,221

11,351.3

(31%)

April 14- April 20

171037

10138.8

(11%)

 

During the week, the clothing and footwear sector saw the steepest decline in the value of POS transactions by 59%, followed by the jewelry sector (48%) and the recreation and culture sector (33%).

 

On the other hand, the education sector reported the highest POS transaction value, which rose by 2,997%. The construction and building materials sector came in second with a 135% increase, followed by the transportation sector with an 81% rise.

 

Consumer spending was focused on the food and beverage (F&B) sector, totaling SAR 1.62 billion during the week. The restaurants and cafes sector trailed with total POS transactions worth SAR 1.61 billion, as follows:

 

POS Transactions by Sector (SAR mln)

Sector

Value of Transactions in Week Ended April 13

Value of Transactions in Week Ended April 20

Weekly Change (%)

Clothing & Footwear

1,187.3

489.4

(59%)

Jewelry

375.9

196.1

(48%)

Recreation & Culture

311.5

210.2

(33%)

Hotels

328.7

237.6

(28%)

Restaurants & Cafes

2,151.9

1,613.5

(25%)

Miscellaneous Goods & Services

1,359.1

1,227.4

(10%)

F&B

1,708.8

1,622.2

(5%)

Gas Stations

789.8

761.5

(4%)

Furniture

197.1

201.0

%

Telecommunications

75.0

80.3

%

Public Utilities

53.2

63.8

20 %

Health

516.9

651.8

26 %

Electronic & Electric Devices

118.3

184.3

56 %

Transportation

315.4

569.8

81 %

Construction & Building Materials

119.4

280.5

135 %

Education

4.7

147.1

2997 %

Others

1738.4

1602.3

(8%)

Total

11351.3

10138.8

(11%)

 

 

Riyadh led in terms of POS value during the week with approximately SAR 3.43 billion, representing 33.8% of the total. Jeddah came in second with SAR 1.47 billion, as follows:

 

POS Transactions by City (SAR mln)

City

Value of Transactions in Week Ended April 13

Value of Transactions in Week Ended April 20

Weekly Change (%)

Riyadh

3,322.5

3,427.2

%

Jeddah

1,650.0

1,474.8

(11%)

Dammam

499.0

512.7

%

Madinah

560.9

394.7

(30%)

Makkah

634.8

372.7

(41%)

Al Khobar

315.3

304.7

(3%)

Buraydah

266.9

236.7

(11%)

Tabuk

185.6

185.9

0.2 %

Hail

185.7

155.2

(16%)

Abha

135.2

123.4

(9%)

Other Cities

3,595.5

2,950.8

(18%)

Total

11,351.3

10,138.8

(11%)

 

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