5 Days
Source:
الاقتصادية
E-commerce boosts April Saudi consumer spending
Consumer spending in Saudi Arabia experienced strong growth in April, increasing by 17.5% year-on-year to reach 133.9 billion Riyals. Notably, e-commerce saw a significant rise, accounting for about a quarter of the total—its highest share ever. Point-of-sale sales also grew by 11.8%, while cash withdrawals increased by 10%, despite their decreased share of overall spending. The fashion and telecommunications sectors posted rapid growth rates of 48% and 36%, respectively. Meanwhile, the entertainment sector continued its nine-month streak of growth, rising by 19%.
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