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Weekly consumer sales drop to 12.26 billion
Consumer spending in Saudi Arabia through point-of-sale transactions continued its decline during the week from July 19 to 25, totaling 12.26 billion riyals, a decrease of 5.8% compared to the previous week, which recorded 13.02 billion riyals. The most active sectors varied, with the Food and Beverages sector recording the highest expenditure at 1.91 billion riyals, followed by the Restaurants and Cafes sector at 1.64 billion riyals. Major cities such as Riyadh and Jeddah experienced a spending decline of 4.7% and 6.1%, respectively, reflecting a monthly review of purchasing activities and financial transactions in the Saudi market.
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