Saudi weekly consumer spending dropped before Ramadan
Published 14 Apr,2021 via Arab News - Economy RIYADH - Spending in Saudi Arabia dropped 11.7 percent last week to about SR10 billion ($2.6 billion), Al Eqtisadiah reported, citing SAMA data.
This decline for the week ending April 10 ahead of the start of Ramadan, comes after a record level the previous week, since the central bank started publishing weekly data at the end of May 2020.
The food and beverage sector accounted for the lion's share or total sales at 17.4 percent of total sales, amounting to SR1.74 billion. But that still represented a 9.6 percent drop from the previous week.
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Arab News