Published 5 months ago

Saudi consumer spending falls at fastest pace in 9 weeks

Summary by صحيفة الاقتصادية

Consumer spending via points of sale in Saudi Arabia declined by 14.1% during the past week ending on August 24, the highest rate in 9 weeks, coinciding with the last week before the salary disbursement date. According to the Financial Analysis Unit at Al-Eqtisadiah newspaper, consumer spending during the past week amounted to about 11.66 billion riyals, compared to about 13.6 billion riyals for the previous week, affected by the decline in all …

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Saudi consumer spending falls at fastest pace in 9 weeks

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