Israelis Spent 30% More on Election Day Shopping Spree
Translated & summarized from JDN by baba
Israelis spent approximately 1.752 billion shekels on election day, a 30.2% increase from the previous election in 2022, according to Shva data. Spending surged by 42.1% between 8 AM and 5 PM. Significant increases were observed in sectors like restaurants (53.9%) and leisure (72.3%). The total spending also surpassed that of the 2024 local elections.
The story in 5 lines · by baba
- Israelis spent 1.752 billion shekels on election day, a 30.2% increase from 2022.
- Spending between 8 AM and 5 PM rose by 42.1% compared to the previous election.
- Restaurant and fast-food spending increased by 53.9% on election day.
- Leisure, entertainment, and attractions saw the highest percentage spending increase at 72.3%.
- Total election day spending exceeded the 2024 local authority elections by 10.2%.
Israelis spent approximately 1.752 billion shekels using debit and credit cards on the recent election day, a significant 30.2% increase compared to the previous election day in 2022. The data comes from Shva, the company managing the national payment system. In 2022, spending on election day totaled about 1.346 billion shekels, meaning this year's spending was roughly 406 million shekels higher.
A substantial portion of the spending, about 1.149 billion shekels, occurred between 8 AM and 5 PM, marking a 42.1% rise in transactions during those hours compared to the previous election day. This surge indicates a notable increase in consumer activity during the voting period.
Analysis of spending by sector reveals significant growth across various industries. Food retailers saw a 24.2% increase, with consumers spending 238.2 million shekels. The clothing and footwear sector experienced a 26.3% rise, reaching 168.4 million shekels. Restaurants, cafes, and fast-food establishments saw a substantial 53.9% jump in spending, totaling 181.4 million shekels.
Other sectors also reported increased consumer spending. Leisure, entertainment, and attractions saw the largest percentage increase at 72.3%. Pharmacy spending rose by 33.5%, electronics by 11.4%, fuel by 14%, and hotels and hospitality by 15.7%. Overall, the spending on this election day was 10.2% higher than during the 2024 local authority elections.
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