Saudi Arabia POS spending stays above $3.5bn despite weekly slowdown

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.

Raccontata dasaudigazette.com.saarabnews.com