Saudi consumer spending at $3.4bn as furniture sales rise
- Saudi Arabia's consumer spending reached $3.44 billion in the week ending Sept. 19, driven primarily by a rise in furniture and home supplies sales.
- The point-of-sale transaction value decreased 6.3% from the previous week, totaling SR12.92 billion ($3.44 billion), with a 5.4% drop in the number of transactions.
- Furniture and home supplies saw a notable 11.4% increase in spending, amounting to SR503.80 million, attributed to discounts around Saudi National Day.
- Education-related spending experienced the steepest decline at 42.8%, falling to SR180.69 million, while other sectors like food and beverages also saw reductions in spending.
- Riyadh accounted for the largest share of transactions at SR4.66 billion, despite a 4.3% weekly decline, while other cities like Jeddah and Dammam also experienced decreases.
