Saudi POS spending climbs 11% to $4.3bn in early March as retail activity broadens

RIYADH: Saudi Arabia’s total point-of-sale transactions rose 11 percent to SR16.1 billion ($4.3 billion) in the week ending March 7, with most sectors seeing positive weekly change.

According to the latest data from Saudi Central Bank, the number of transactions increased 7.4 percent to 226.2 million.

Spending on education saw the biggest uptick at 39.4 percent to SR130.7 million, followed by jewelry, which increased by 35.8 percent to SR693.11 million.

Expenditure on clothing and apparel saw an rise of 31.7 percent to SR2.5 billion, and spending on pastries posted an 18 percent increase. Hotel outlays dropped by 11 percent to reach SR334.83 million.

Spending in pharmacies on medical supplies was up 2.6 percent to reach SR261.06 million, while spending on medical services saw a 9 percent increase to SR579.33 million.

Saudi POS spending climbs 11% to $4.3bn in early March as retail activity broadens

Related reading

Saudi POS spending rises 4.5% to $3.8bn in late February: SAMA

Saudi POS spending holds above $3.5bn with education outlays surging

Saudi point-of-sale spending rises 19% to $4.21bn

Saudi POS spending holds near $4bn

Saudi POS transactions climb 3% to $3.4bn on strong consumer spending

Saudi POS transactions rise 31.5% to $4.16bn