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FINANCIAL NEWS
Saudi’s retail sector remains positive
10 Nov 2016
(MENAFN) Economists remained positive on the organized retail sector in Saudi Arabia, which benefited from market share gains in the past.
In addition, majority of the increase in household spending consumed by inflation; amid 2007-2016 grew by 35pct from SR13.25 in 2007 to SR17.903 in 2013.
However, a 65 percent of the increase in spending was consumed by inflation, while housing and food expenses viewed higher inflation.
Meanwhile, real spending maintained, but growth was weak: almost 80 percent of the aggregate increase in household spending amid the cited years.
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