RIYADH: Saudi Arabia’s point-of-sale transactions remained above $3.5 billion in the week ending Aug. 8, underscoring resilient consumer spending even as activity moderated from the previous week, official data showed.
According to the latest data released by the Saudi Central Bank, also known as SAMA, total POS transaction value stood at SR14.60 billion ($3.89 billion), down 10.5 percent from the seven days prior.
The total number of transactions also slipped, dropping 5.1 percent to 253.4 million, compared to 267.1 million the week before.
The broad-based pullback affected nearly every sector and city tracked in the weekly report, but education spending bucked the trend, jumping 54.1 percent to SR274.1 million.
The number of education-related transactions also rose 1.6 percent, making it the only category besides hotels to post a gain in transaction volume.
