POS transactions rise 14% to SAR 10.5 bln in week ending July 4

The point-of-sale (POS) transactions increased by 14% to SAR 10.47 billion in the week ending July 4, 2020, from SAR 9.19 billion in the previous week, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

Data showed that a total of 62.8 million transactions were processed in the week ending July 4.

It is worth noting that Saudi Arabia imposed 15% value-added tax (VAT) as of July 1, 2020.

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 07-13	48209	7295.8	(7 %)
June 14-20	46704	7261.2	(0.5 %)
June 21-27	53786	9191.3	+27%
June 28- July 4	62811	10467.1	+14%

The POS sales of major sectors increased during the week ending July 4, with the hotels and education sectors rising by 51% respectively, followed by the clothes and footwear sector with 34%.

Meanwhile, the construction materials sector decreased 13%, followed by the transport sector with 12.8%.

Consumer spending focused on food & beverages sector in the week ending July 4, valued at nearly SAR 1.53 billion, followed by restaurants and cafes sector with SAR 901.2 million and the miscellaneous goods and services with SAR 842.8 million.

POS Transactions by Sector in week ending July 4, 2020 (SAR mln)
Sector	Transactions’ value Ending June 27	Transactions’ value Ending July 4	Weekly variation
Hotels	73.17	110.62	+ 51.2 %
Education	76.80	115.68	+ 50.6 %
Clothes and footwear	608.09	815.62	+ 34.1 %
Telecommunications	79.08	102.36	+ 29.4 %
Healthcare	631.89	807.72	+ 27.8 %
Restaurants & Cafes	716.33	901.17	+ 25.8 %
Fuel stations	169.19	211.49	+ 25.0 %
Miscellaneous goods & services	677.00	842.75	+ 24.5 %
Food & Beverages	1,228.89	1,526.68	+ 24.2 %
Recreation & Culture	294.91	342.11	+ 16.0 %
Jewelry	564.10	636.99	+ 12.9 %
Public Utilities	98.13	106.13	+ 8.2 %
Furniture	599.44	601.00	+ 0.3 %
Electronics and electric appliances	571.25	544.84	(4.6%)
Transport	691.23	602.76	(12.8%)
Construction materials	794.85	687.51	(13.5%)
Other	1,317.01	1,511.62	+ 14.8 %
Total	9,191.35	10,467.07	+ 13.9 %

Riyadh topped the POS transactions by cities with SAR 3.2 billion, representing 30% of the total sales, followed by Jeddah with SAR 1.7 billion.

POS Transactions by Cities in week ending July 4, 2020 (SAR mln)
City	Transactions’ value Ending June 27	Transactions’ value Ending July 4	Weekly variation
Riyadh	2,808.2	3,169.1	+12.9%
Jeddah	1,489.7	1,664.4	+11.7%
Dammam	546.7	601.9	+10.1%
Madinah	337.6	386.6	+14.5%
Al Khobar	330.6	370.4	+12.0%
Buraydah	274.5	298.1	+8.6%
Makkah	242.1	290.9	+20.1%
Tabuk	158.1	198.5	+25.6%
Hail	157.8	190.3	+20.6%
Abha	144.2	177.5	+23.1%
Other cities	2,701.8	3,119.2	+15.4%
Total	9,191.35	10,467.07	+13.9%

For More Reports

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us