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Consumer spending drops to 12.26B Riyals
Consumer weekly spending in Saudi Arabia continued to decline, decreasing by 5.8% to reach 12.26 billion Riyals during the period from July 19 to 25, compared to 13.02 billion Riyals in the previous week. The majority of sales were concentrated in the food and beverages sector, amounting to 1.91 billion Riyals, followed by restaurants and cafes with spending of 1.64 billion Riyals. Riyadh registered the highest level of spending, totaling 4.16 billion Riyals, despite a decrease of 4.7% compared to the previous week. The number of point-of-sale transactions declined to 226.16 million, down from 236.7 million transactions in the prior week.
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