Israelis Set New Summer Spending Record Exceeding 109 Billion Shekels

Israeli consumers established a new record for summer spending, with expenditures reaching 109.045 billion shekels in July and August. This figure represents a 7.9% increase compared to the same period last year and a substantial rise of over 40% when compared to 2022.

The data, compiled by Shva (Automatic Banking Services), which manages national payment systems for credit and debit cards, indicates a significant upward trend in consumer spending during the summer vacation months. In 2023, summer spending totaled approximately 101.068 billion shekels, while in 2022, it stood at 77.801 billion shekels.

August alone also witnessed a notable surge, with spending on credit and debit cards hitting 54.115 billion shekels, a 10% increase from August 2025, when expenditures were recorded at 49.206 billion shekels. The daily average spending in August was 1.746 billion shekels. While this marks a slight decrease of 1.4% from July's daily average of 1.771 billion shekels, it is the third consecutive month where the daily average has surpassed 1.7 billion shekels.

Furthermore, Shva's data highlights a new peak in spending at physical retail locations. The average daily expenditure in these transactions reached 757.994 million shekels, the highest recorded to date.