RIYADH: Saudi consumer spending via point-of-sale terminals remained resilient at SR11.11 billion ($2.96 billion) in the week ending June 14, even as transactions declined across all major sectors, official data showed.
The latest weekly report from the Saudi Central Bank, known as SAMA, showed that POS transaction values fell 21.3 percent from the previous week, while the number of transactions dropped 10.7 percent to 203.78 million.
The prior week, ending June 7, saw a spending peak of SR14.12 billion, driven by elevated Eid Al-Adha holiday consumption.
The contraction in weekly spending comes amid normalization following the Eid surge, but underlying consumer momentum remains intact — supported by Vision 2030 reforms aimed at digitizing payments and promoting a cashless economy.
According to the SAMA report, spending in restaurants and cafes accounted for the largest share of POS transactions at SR1.80 billion, though it saw a 12.4 percent decline from the previous week.
