
The four-week moving average of SAR 13.6B shows Saudi POS spending structurally above prior years. The 2025 range expansion is the real signal, not the weekly noise.
The Saudi Central Bank (SAMA) reported point-of-sale transactions of nearly SAR 14.4 billion in the week ended May 30, up from SAR 14.3 billion a week earlier. The number of transactions rose to 250.9 million from 241.7 million. The simple read is a steady consumer spending picture. The better read comes from the four-week moving average, which smooths over the calendar distortions and sits at SAR 13.6 billion. That average tells the real story: Saudi consumer spending has shifted structurally higher in 2025 relative to any of the prior three years.
The weekly increase coincides with the government salary disbursement cycle. SAMA notes that POS values rise during weeks that include the 27th of each month, the pay day for government employees. The week ended May 30 includes May 27, so the uplift is partly borrowed demand. The following week often prints lower as the salary effect fades.
A single weekly print is noisy. The four-week moving average strips out these predictable pay-day spikes and holiday surges. The current SAR 13.6 billion average is above the high end of the 2024 range. This is not a flash in the pan.
The following table compares the four-week moving average minimum and maximum for each year from 2022 through 2025.
| Year | Four-Week Moving Average Range (SAR billions) |
|---|---|
| 2025 | 11.4 – 15.3 |
| 2024 | 11.5 – 13.8 |
| 2023 | 10.4 – 12.7 |
| 2022 | 9.4 – 11.6 |
The 2025 low of SAR 11.4 billion already exceeds the 2023 high. The 2025 high of SAR 15.3 billion clears 2024's best weeks by SAR 1.5 billion. The range has both lifted its floor and extended its ceiling.
Category breakdown in the latest week shows two sectors accounting for nearly a third of all POS spending.
Geographic distribution is similarly concentrated.
The Riyadh share above 30% acts as a proxy for urban spending strength. A sustained ratio at this level suggests the capital's economic activity is outgrowing the rest of the kingdom. For broader context on how consumer data feeds into equity positioning, see our stock market analysis section.
The four-week moving average removes salary-day and holiday noise. The real test comes in the weeks that follow the pay-day lift and precede the next salary cycle, as well as in the post-Eid periods when spending typically dips.
A four-week moving average above SAR 13 billion during the naturally weaker weeks would confirm that the 2025 range expansion is structural, not just seasonally amplified. The lean periods between the salary-driven highs and the start of the next pay cycle are the cleanest measure of underlying demand.
A drop in the moving average below the 2024 floor of SAR 11.5 billion would signal that the upward drift has stalled or reversed. That level represents the prior year's lowest average reading and a break below it would reset the trend.
The next SAMA weekly release is the immediate marker. If the raw weekly number falls back toward SAR 13.5 billion while the four-week moving average holds near SAR 13.6 billion, the pattern remains consistent with salary-induced noise and the uptrend is intact. A sharper decline would require reassessment.
For a parallel example of how moving averages strip out seasonal distortions in retail data, see our analysis of the Macy's 3% Comp Beat, where a holiday calendar effect demanded a similar smoothing approach.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.