Saudis spend sr207.3 million on education in one week, a 25.8 percent increase
(MENAFN) Between December 29 and January 4, Saudis spent SR207.3 million (USD55.2 million) on education, a 25.8 percent rise over the previous week.
The weekly point-of-sale transactions report indicates that throughout the seven-day period, this sector saw the most increase. Additionally, the volume of transactions increased, rising by 0.6 percent to 131,000.
Overall, Saudi Arabia's POS spending increased by 9.2 percent over the previous week, from SR13.8 billion to SR15.1 billion. According to data from the Kingdom's central bank, the hotel industry experienced the second-largest increase, rising 15.1 percent to SR400.6 million.
After then, spending on culture and recreation increased by 14.8 percent to SR328.6 million.
The amount spent on building supplies and construction increased by 3.9 percent to SR399.9 million, while jewelry transactions increased by 12.8 percent to SR355.4 million.
Similarly, the largest portion of the overall POS value was spent on food and drink, which increased by 3.9 percent to SR2.16 billion.
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