Categories: Business

Saudi POS transactions plummet by $530m: SAMA


Wed, 2022-10-12 17:32

CAIRO: A fall in food and beverage sales helped fuel a 15.8 percent drop in point-of-sale transactions in Saudi Arabia in the week ending Oct. 8 — the steepest drop for three months.

The latest weekly data from the Saudi Central Bank revealed the Kingdom’s citizens’ aggregate spending fell by SR2 billion ($0.53 billion) to reach SR10.8 billion over the seven-day period. 

Every one of the 17 mentioned sectors witnessed a decline, led by the SR421.3 million drop in food and beverages, which reached SR1.7 billion last week. 

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