Israeli Credit Card Spending Surges 7.9% in Summer Months
Translated & summarized from Now 14 by baba
Israeli credit card spending in July and August reached a record 109 billion shekels, a 7.9% increase from last summer. Both online and in-store purchases saw significant growth, contributing to the overall surge in consumer expenditure.
The story in 5 lines · by baba
- Israeli credit card spending rose 7.9% to 109 billion shekels in July-August.
- Summer spending has increased over 40% in the last five years.
- August spending was up 10% year-over-year, exceeding 54 billion shekels.
- Online purchases grew 11.5%, while physical store spending hit a new record.
- Cash withdrawals remained largely unchanged compared to last year.
Israeli consumers spent a record 109.045 billion shekels on credit cards during July and August, a 7.9% increase compared to the same period last year, according to data from Sheba (the Israeli credit card clearinghouse).
This summer's spending marks a significant rise, continuing a trend of increased consumption. Over the past five years, summer spending has grown by more than 40%, from 77.801 billion shekels in 2022 to this year's figures. August alone saw 54.115 billion shekels spent, a 10% jump from August 2025, with the daily average expenditure exceeding 1.7 billion shekels for the third consecutive month.
Online purchases continued their upward trajectory, reaching 30.617 billion shekels in August, an 11.5% increase year-over-year. However, the average daily online spending dipped slightly below 1 billion shekels. Conversely, spending at physical stores hit a new high, with the average daily expenditure in August reaching 757.994 million shekels, a 2.4% rise from July. Total physical purchases in August amounted to 23.498 billion shekels, an 8.1% increase from the previous year.
Cash withdrawals from ATMs remained relatively stable, totaling 5.916 billion shekels in August, similar to the previous year, indicating a continued preference for credit card transactions for most purchases.
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