Saudi spending dipped as Ramadan got underway

RIYADH: Spending in Saudi Arabia edged lower as Ramadan got underway, data from the Kingdom’s central bank revealed.

Spending fell by 1.8 percent for the week ending April 24, amounting to SR7.31 billion ($1.9 billion), Al Eqtisadiah reported.

It reached SR8.2 billion during the week ending April 17

Sales declined in most sectors, except in jewelry, hotels, clothing and shoes and transport – which all witnesse growth according to point of sale data.