Saudi Arabia's weekly consumer spending hits $3.78B
Total point-of-sale sales in Saudi Arabia for the week of August 9 to 15 dropped to $3.78 billion (14.19 billion SAR), representing a 2.8% decrease compared to the previous week, with the number of transactions falling to 249.68 million. The Food and Beverage sector recorded the highest expenditure at 2.20 billion SAR, and sales in the Education sector surged by 62.7% as the new school year approached, reaching 446.08 million SAR through 160,000 transactions. Riyadh led the cities in spending with 4.84 billion SAR, followed by Jeddah.
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