Saudi Arabia’s POS transactions increase by 16 percent to USD3.59M
(MENAFN) The Saudi Central Bank, better known as SAMA, stated that point-of-sale transactions in Saudi Arabia grew by 16 percent to SR13.5 million (USD3.59 million) in the week ending September 3 from SR11.6 million tallied in the week ending Aug. 27.
The value of food and beverage transactions increased by SR512.8 million (32.4 percent) over the previous week, which was a major contributor to the growth.
The healthcare industry had the second-largest growth in POS transaction value, up 26.2 percent from the previous week to SR176.5 million.
The week ending September 3 saw an increase in POS transactions at gas stations of SR122.7 million, or 18.5 percent week over week.
The breadth of categories such "other sectors" and "miscellaneous goods and services" would not be determined, however during the study period, these categories rose by SR327.5 million and SR264.8 million, respectively. Nevertheless, in the week ending September 3, POS transactions in the hotel, apparel, and footwear categories fell.
The value of food and beverage transactions increased by SR512.8 million (32.4 percent) over the previous week, which was a major contributor to the growth.
The healthcare industry had the second-largest growth in POS transaction value, up 26.2 percent from the previous week to SR176.5 million.
The week ending September 3 saw an increase in POS transactions at gas stations of SR122.7 million, or 18.5 percent week over week.
The breadth of categories such "other sectors" and "miscellaneous goods and services" would not be determined, however during the study period, these categories rose by SR327.5 million and SR264.8 million, respectively. Nevertheless, in the week ending September 3, POS transactions in the hotel, apparel, and footwear categories fell.
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