RIYADH: The value of point-of-sale (PoS) transactions in Saudi Arabia surged by 29 percent in the week ending 30 October, following negative growth rates in the past three weeks, according to Saudi's Central Bank (SAMA). All sectors in the country underwent positive growth in their sales last week.
The central bank's data showed that PoS transactions jumped to SR10.3 billion ($2.75 billion) last week, rising from SR8.02 billion ($2.14 billion) in the previous week.
In the latest weekly PoS report, the increase was steepest for the education sector, as its sales soared by 83.2 percent. It was followed by sales of electronic & electric devices, beverages and food, and clothing and footwear sectors, which rose by 55.5 percent, 42.8 percent, and 41.9 percent respectively.
