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Saudi consumer spending drops to 14.2B Riyals
During the week of August 9 to 15, Saudi Arabia experienced a 2.8% decline in consumer spending via point-of-sale transactions, totaling 14.19 billion riyals compared to 14.6 billion riyals in the previous week. Additionally, the number of transactions decreased by 1.5% to approximately 250 million transactions. Data showed that the sectors with the highest expenditure were Food and Beverages at 2.2 billion riyals, Restaurants and Cafés at 1.82 billion riyals, Clothing and Accessories at 1.24 billion riyals, Transportation at 1.06 billion riyals, and Fuel Stations at 1.02 billion riyals. In terms of cities, Riyadh led with about 4.84 billion riyals, followed by Jeddah with 1.88 billion riyals, with spending declines of 0.9% and 5%, respectively, compared to the previous week.
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