Saudi POS Transactions Surge Above $4bn in Late October, Up 37%
RIYADH: Saudi Arabia's total point-of-sale transactions rose to SR16.02 billion ($4.27 billion) in the week ending Nov. 1, maintaining momentum above the $3 billion mark for a fourth consecutive week, official data showed.
According to data from the Saudi Central Bank, also known as SAMA, the value of transactions jumped 37.1 percent from the previous week, while the total number of payments increased 19.6 percent to 254.4 million compared to 212.7 million in the prior period.
Spending rose across nearly all sectors, led by freight transport and courier services, which saw the largest gain at 90.3 percent to SR64 million.
Outlays on education followed, surging 82.4 percent to SR189.44 million.
Airline spending climbed 9.4 percent to SR63.32 million, while auto and equipment rentals advanced 41.4 percent to SR90.2 million.
Expenditure in restaurants and cafes grew 26.4 percent to SR1.84 billion, and food and beverages spending increased 48.9 percent to SR2.66 billion — the week's largest category.
Clothing and apparel came next, up 60.3 percent to SR1.37 billion.
Purchases of books and stationery dipped slightly by 0.4 percent to 1.48 million transactions, while construction and building materials rose 19.7 percent to 2.58 million transactions.
In regional terms, Riyadh accounted for the largest share of national spending, climbing 27.6 percent to SR5.46 billion.
Jeddah followed with SR2.05 billion, up 27.2 percent, while Dammam recorded a 29.8 percent increase to SR766.56 million.
Makkah and Madinah also posted strong gains, up 35.9 percent and 36.9 percent respectively.
Weekly POS data, tracked by SAMA, provides a key indicator of consumer confidence and the ongoing shift toward digital payments across Saudi Arabia.
The central bank noted that POS infrastructure continues to expand beyond major retail hubs to smaller cities and service sectors, strengthening financial inclusion and supporting broader Vision 2030 goals for a cashless economy.
Spending rose across nearly all sectors, led by freight transport and courier services, which saw the largest gain at 90.3 percent to SR64 million.
Outlays on education followed, surging 82.4 percent to SR189.44 million.
Airline spending climbed 9.4 percent to SR63.32 million, while auto and equipment rentals advanced 41.4 percent to SR90.2 million.
Expenditure in restaurants and cafes grew 26.4 percent to SR1.84 billion, and food and beverages spending increased 48.9 percent to SR2.66 billion — the week's largest category.
Clothing and apparel came next, up 60.3 percent to SR1.37 billion.
Purchases of books and stationery dipped slightly by 0.4 percent to 1.48 million transactions, while construction and building materials rose 19.7 percent to 2.58 million transactions.
In regional terms, Riyadh accounted for the largest share of national spending, climbing 27.6 percent to SR5.46 billion.
Jeddah followed with SR2.05 billion, up 27.2 percent, while Dammam recorded a 29.8 percent increase to SR766.56 million.
Makkah and Madinah also posted strong gains, up 35.9 percent and 36.9 percent respectively.
Weekly POS data, tracked by SAMA, provides a key indicator of consumer confidence and the ongoing shift toward digital payments across Saudi Arabia.
The central bank noted that POS infrastructure continues to expand beyond major retail hubs to smaller cities and service sectors, strengthening financial inclusion and supporting broader Vision 2030 goals for a cashless economy.
