Israelis Splurge on Shopping During Election Day Holiday
Translated & summarized from Now 14 by baba
Israelis significantly increased their spending on election day, a national holiday, with credit card data showing a surge in purchases. The clothing and footwear sector saw a 93% rise in spending, while the food industry experienced a 36% increase. Most transactions occurred in physical stores, and the Galilee and Valleys region had the highest average spending per card.
The story in 5 lines · by baba
- Israeli spending surged on election day, a national holiday, with credit card data showing significant increases.
- Clothing and footwear purchases rose by approximately 93% compared to the previous week.
- The food and beverage sector saw a 36% increase in transaction volume.
- About 61% of all transactions were made in physical stores, not online.
- The Galilee and Valleys region recorded the highest average spending per card at 275 shekels.
Israeli consumers significantly increased their spending on election day, which served as a national holiday, according to data released by MAX, a credit card company. The holiday for the 26th Knesset elections saw a surge in purchases, particularly in the clothing, footwear, and food sectors, indicating many Israelis used the day off for shopping trips.
The clothing and footwear sector experienced the most dramatic rise, accounting for 18% of all transactions. Spending in this category jumped by approximately 93% compared to the previous Tuesday, with the number of credit cards used for these purchases increasing by about 85%. The average transaction amount in this sector rose by roughly 5% to 344 shekels.
The food and beverage industry represented the largest portion of spending, making up about 53% of all credit card activity. This sector saw a substantial increase of around 36% in transaction volume and a 12% rise in the number of transactions. The average purchase amount in the food sector climbed by approximately 28% to 136 shekels, suggesting larger, more consolidated shopping trips.
Leisure and entertainment purchases constituted about 15% of spending, while electrical appliances accounted for roughly 9%. The data also revealed a preference for in-store shopping, with approximately 61% of transactions occurring in physical stores, compared to about 38% made online.
Geographically, the highest average spending per card was recorded in the Galilee and Valleys region at 275 shekels. Other regions followed, including the Sharon and Southern Shephelah (272 shekels), Southern settlements (271 shekels), Haifa (267 shekels), and Tel Aviv (261 shekels). Jerusalem recorded the lowest average spending at 251 shekels.
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