According to official figures, Saudi Arabia’s point-of-sale expenditure in the week ending July 20 hit SR10.9 billion ($2.9 billion), with the education sector experiencing the highest increase.
According to data from the Saudi Central Bank, or SAMA, throughout the course of the seven-day period, this sector of the economy grew by 10.4%, with SR94.1 million in total value of transactions.
Additionally, the statistics indicated that hotel expenditures rose by 0.2 percent to SR270.2 million during the preceding seven days.
This modest increase followed two weeks of higher sector gains: a 17.9 percent spike from June 30 to July 6 and a 3.8 percent increase from July 7 to July 13.
In the Kingdom, point-of-sale (POS) spending declined by 8.8 percent, following a 9.8 percent decline the week before, despite growth in these industries.
During the last seven days, spending on building materials and construction fell by 5.2%, the least amount of any sector as compared to the previous week, to reach SR312.6 million.
The second-smallest decline was seen in the health sector, which fell by 10.2 percent to SR696.3 million.
Expenditure on apparel and footwear fell 11.3 percent, placing them tied for third place with electronic device spending.
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