Israelis Spend Over ₪1.75 Billion on Election Day
Translated & summarized from Arutz Sheva by baba
Israelis spent 1.752 billion shekels on credit cards during the 26th Knesset election day, a 30.2% increase from the previous election. Over one billion shekels were spent in the first nine hours alone. The data, released by Shva, shows a significant surge in consumer activity on the election day holiday.
The story in 5 lines · by baba
- Israelis spent 1.752 billion shekels on credit cards on election day.
- Spending on election day was 30.2% higher than the previous Knesset elections.
- Over 1 billion shekels were spent in the first nine hours of election day.
- Shva reported the significant increase in credit card transactions.
- The spending surge occurred despite the public's focus on voting.
Israelis spent a record 1.752 billion shekels (approximately $470 million USD) on credit cards on the day of the 26th Knesset elections, marking a significant increase in consumer activity. This spending represents a 30.2% jump compared to the previous Knesset elections held on November 1, 2022, when expenditures totaled 1.346 billion shekels. The recent election day saw an additional 406 million shekels spent compared to the prior election. Data from Shva, the company managing the national payment system, revealed that over one billion shekels were spent within the first nine hours of the day, from 8 a.m. to 5 p.m. This period alone accounted for 65.6% of the total daily spending, with 1.149 billion shekels transacted, a substantial rise from the 808.51 million shekels recorded during the same hours in the 2022 elections. Even when compared to the municipal elections on January 30, 2024, where 1.591 billion shekels were spent, the Knesset election day showed a 10.2% increase. While the data highlights a surge in credit card spending, it does not specify which consumer sectors benefited most from this increased activity, nor does it indicate whether the rise reflects more purchases or simply higher prices.
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