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Saudi weekly retail sales fall to 13B riyals
Weekly consumer spending in Saudi Arabia via point-of-sale transactions declined by 8.5% between July 12 and 18, reaching 13.02 billion Riyals compared to 14.24 billion Riyals in the previous week. The number of transactions also decreased by approximately 5.5% to 236.7 million. The most prominent sectors were food and beverages, with expenditures of 2.03 billion Riyals, followed by restaurants and cafes with 1.72 billion Riyals. Riyadh led the spending with 4.36 billion Riyals, followed by Jeddah with 1.85 billion Riyals, with both areas experiencing declines of about 7.6% and 7.7%, respectively.
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