Israelis Spent Over $28 Billion on Credit During Summer Break
Translated & summarized from Channel 13 by baba
Israeli consumers spent approximately 109 billion shekels on credit during the summer break, a 7.9% increase from last year. Daily spending records were broken, with August seeing 54 billion shekels in transactions.
The story in 5 lines · by baba
- Israelis spent 109 billion shekels on credit during summer.
- This is a 7.9% increase from last year's summer spending.
- Daily average spending reached a record high.
- Summer spending has increased over 40% in five years.
- August spending was 54 billion shekels, up 10% year-over-year.
Israeli consumers spent approximately 109 billion shekels (about $28 billion USD) on credit transactions during the summer vacation months, according to data released by the Shva company. This figure represents a 7.9% increase compared to credit spending during the previous summer.
The average daily purchase amount during the summer break reached a record high of about 758 million shekels (approximately $200 million USD). Over the past five years, Israeli summer spending has surged by more than 40%, with total spending in the summer months of 2022 reaching 77 billion shekels (about $20 billion USD).
August continued this trend of high spending, with transactions totaling around 54 billion shekels (about $14 billion USD), an increase of 10% compared to August of the previous year. However, the average daily spending in August was over 1 billion shekels (approximately $260 million USD), marking a 1.4% decrease from July.
In July, total credit spending reached approximately 54 billion shekels (about $14 billion USD). Physical transactions saw a daily spending increase of 2.4% compared to July of last year, reaching a record high of over 757 million shekels (approximately $199 million USD) per day.
In August, total spending on physical transactions amounted to about 23 billion shekels (approximately $6 billion USD), reflecting an 8.1% rise compared to August 2025.
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