RIYADH: Saudi Arabia’s point-of-sale transaction value climbed to SR14.38 billion ($3.83 billion) in the week ending May 30, up 0.8 percent from the previous week, as a surge in hospitality and apparel spending during the Eid Al-Adha holiday.
According to the latest data from the Saudi Central Bank, also known as SAMA, the total number of transactions reached 250.9 million, a 3.8 percent increase week on week.
Bakeries and pastries led all sectors in percentage growth, with transaction value surging 63.6 percent to SR442.9 million. Personal care jumped 54.1 percent to SR204.4 million.
Apparel, clothing and accessories rose 13.7 percent to SR1.75 billion, cementing its position as one of the week’s standout performers. Hotels posted a 36.1 percent gain to SR263.1 million, and laundry services climbed 47 percent to SR78.1 million.
Food and beverages remained the largest spending category, rising 15.1 percent to SR2.46 billion. Restaurants and cafes also recorded a 14 percent increase to SR1.97 billion, suggesting a broad uptick in consumer dining and leisure activity.
