Saudi POS transactions hold above $3bn in mid-October 

RIYADH: Saudi Arabia’s point-of-sale transactions remained above the $3 billion mark for the third consecutive week, underscoring the resilience of consumer activity even as overall spending moderated in mid-October.  According to the latest data from the Saudi Central Bank, also known as SAMA, consumer spending stood at SR12.2 billion ($3.25 billion) during the week ending Oct. 18, reflecting a 9 percent decline from SR13.4 billion a week earlier. 

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