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Why consumer spending drops faster than transactions
The value of point-of-sale transactions in Saudi Arabia declined to 12.60 billion riyals during the week from October 11 to 17, 2026, a decrease of 922.85 million riyals compared to the previous week, which recorded 13.53 billion riyals. The number of transactions also fell to 246.42 million from 253.36 million. Spending value declined at a faster rate than the number of transactions, decreasing by 6.8% compared to 2.7%, resulting in an average transaction value of approximately 51.14 riyals. Major sectors such as food, beverages, and dining recorded a smaller decline of around 3-4%, while sectors like clothing, jewelry, and transportation saw decreases of approximately 7-17%. Additionally, over 48% of spending was concentrated in Riyadh and Jeddah, with a noticeable drop in transaction values in these two cities. The decline indicates a possible reduction in purchasing power or a shift in spending patterns, but further analysis comparing prices and quantities is necessary to determine the true causes of these changes.
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