Israelis Spent 30% More on Election Day Compared to Previous Vote
Translated & summarized from Globes by baba
Israelis spent NIS 1.752 billion on the recent election day, a 30.2% increase from the previous election in November 2022. Food retail, restaurants, and fashion led the spending surge, with entertainment and leisure showing the largest percentage growth. Fuel purchases also rose, indicating widespread travel and activity across the country.
The story in 6 lines · by baba
- Israelis spent NIS 1.752 billion on election day, a 30.2% increase from 2022.
- Food retail generated the highest turnover at NIS 238 million.
- Restaurants and cafes saw a 54% increase in spending, reaching NIS 181 million.
- Fashion and footwear sales amounted to NIS 168 million, up 27%.
- Entertainment and leisure spending jumped 72%, though the total was NIS 19 million.
- Fuel purchases totaled NIS 60 million, a 14% increase.
Israeli consumers spent NIS 1.752 billion on the recent election day, marking a 30.2% increase from the previous election day in November 2022, when spending totaled NIS 1.346 billion. These figures come from Shva, the company managing the national payment system. The food retail sector saw the highest turnover, with NIS 238 million, a 24% rise from the 2022 elections. Restaurants and cafes followed, generating NIS 181 million, a significant 54% increase. The fashion and footwear industry reported NIS 168 million, up 27%, driven by sales in both physical stores and online. While the entertainment and leisure sector experienced the largest percentage jump of 72%, its total contribution was NIS 19 million. Israelis also spent approximately NIS 60 million on fuel, a 14% increase compared to the previous election day. During peak hours on election day, between 8:00 AM and 5:00 PM, spending reached NIS 1.149 billion, substantially higher than the NIS 808.5 million recorded during the same period in the 2022 elections. This year's election day spending also surpassed the NIS 1.591 billion spent on the municipal elections earlier in 2024 by 10.2%.
