Israeli Credit Card Spending Surges 37.5% on Election Day Compared to 2022
Translated & summarized from Now 14 by baba
Israeli credit card spending surged by 37.5% to 731.33 million shekels on election day, compared to 2022. The data from Shva revealed peak spending at 12:40 PM with over 15,500 transactions. This indicates Israelis are using election days for shopping and leisure, in addition to voting.
The story in 4 lines · by baba
- Israeli credit card spending on election day reached 731.33 million shekels.
- Spending increased by 37.5% compared to the 2022 election day.
- The peak spending hour saw over 15,500 transactions totaling 3.61 million shekels.
- Consumer spending on election days is being used for shopping and leisure.
Israeli consumers significantly increased their credit card spending on election day, with expenditures reaching 731.33 million shekels between 8:00 AM and 2:00 PM. This represents a substantial 37.5% jump compared to the same period on election day in 2022, when spending totaled 531.81 million shekels. The data, released by Shva, which manages the national payment system, also shows a 5.1% increase from the last municipal elections, where spending was 696.11 million shekels.
The peak spending hour occurred at 12:40 PM, with over 15,500 transactions totaling 3.61 million shekels. These figures indicate that Israelis are utilizing their day off not only for voting but also for shopping and leisure activities, continuing a trend of increased consumer spending on election days.
