POS transactions hit SAR 10 bln in week ending Dec. 11: SAMA
Electronic payment device
The point-of-sale (POS) transactions fell 17% to SAR 10.01 billion in the week ending Dec. 11, from SAR 12.1 billion in the previous week, data issued by the Saudi Central Bank (SAMA) showed.
Data showed that 120.1 million transactions were processed in the week ending Dec. 11.
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 |
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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%) |
Oct. 17-23 |
102766 |
8021.9 |
(8%) |
Oct. 24-30 |
118497 |
10345.0 |
+29 % |
Oct. 31- Nov. 6 |
118141 |
10003.1 |
(3%) |
Nov. 7-13 |
115481 |
9173.8 |
(8%) |
Nov. 14-20 |
107843 |
8459.4 |
(8%) |
Nov. 21-27 |
112231 |
9418.4 |
+11% |
Nov. 28- Dec. 4 |
129984 |
12059.1 |
+28% |
Dec. 5-11 |
120149 |
10010.9 |
(17%) |
All sectors witnessed a decline in POS transactions during the week ending Dec. 11, except for education sector which rose by 164%.
Hotels sector led the declines by 41%, followed by clothes & footwear and jewelry sectors falling by 29% and 23%, respectively.
Consumer spending focused on the food & beverages sector in the week, with nearly SAR 1.46 billion, followed by the restaurants & cafes sector with SAR 1.39 billion.
The following table gives details of consumer spending in each sector:
POS Transactions by Sector (SAR mln) |
|||
Segment |
Transaction Value Week Ending Dec. 4 |
Transaction Value Week Ending Dec. 11 |
Weekly Variation |
Hotels |
329.8 |
195.2 |
(41%) |
Clothes & Footwear |
1128.6 |
803.8 |
(29%) |
Jewelry |
273.5 |
210.3 |
(23%) |
Furniture |
433.1 |
349.7 |
(19%) |
Miscellaneous Goods & Services |
1233.9 |
998.9 |
(19%) |
Restaurants & Cafes |
1695.7 |
1385.6 |
(18%) |
Transport |
617.9 |
519.2 |
(16%) |
Food & Beverages |
1739.0 |
1462.5 |
(16%) |
Electronics & Electric Appliances |
327.1 |
276.9 |
(15%) |
Recreation & Culture |
343.9 |
297.4 |
(14%) |
Fuel Stations |
722.5 |
627.9 |
(13%) |
Healthcare |
803.0 |
702.2 |
(13%) |
Telecommunications |
125.2 |
110.4 |
(12%) |
Public Utilities |
78.6 |
73.5 |
(6%) |
Construction Materials |
421.3 |
396.3 |
(6%) |
Education |
81.8 |
216.3 |
+164% |
Other |
1704.2 |
1384.8 |
(19%) |
Total |
12059.1 |
10010.9 |
(17%) |
Riyadh topped the POS transactions by cities in terms of value with nearly SAR 3.21 billion, representing 32% of the total sales. Jeddah came second with SAR 1.55 billion.
POS Transactions by City (SAR mln) |
|||
City |
Transaction Value Week Ending Dec. 4 |
Transaction Value Week Ending Dec. 11 |
Weekly Variation |
Riyadh |
3,703.9 |
3,208.0 |
(13%) |
Jeddah |
1,936.4 |
1,552.9 |
(20%) |
Dammam |
624.0 |
538.5 |
(14%) |
Madinah |
485.3 |
364.5 |
(25%) |
Makkah |
454.2 |
338.2 |
(26%) |
Al Khobar |
388.7 |
318.0 |
(18%) |
Buraydah |
296.9 |
249.0 |
(16%) |
Tabuk |
229.7 |
185.6 |
(19%) |
Hail |
203.6 |
167.3 |
(18%) |
Abha |
146.5 |
129.3 |
(12%) |
Other Cities |
3,589.9 |
2,959.6 |
(18%) |
Total |
12,059.1 |
10,010.9 |
(17%) |
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