Decrease in spending on credit cards due to the war between Hamas and Israel

Decrease in spending on credit cards. According to data from Automated Banking Services, the director of the national credit card payment system, there has been a 14% decrease in the volume of credit card purchases made by Israelis during rush hours compared to Wednesday last week. This follows the fighting in the Gaza Strip.
Between 16: 00-10: 00, transactions totaling NIS 622.1 million were recorded in the ISA systems, compared with transactions of NIS 719.8 million last Wednesday.
This is apparently not a surprising figure, given the fact that many Israelis are in homes and the education system has been shut down in large areas. Traditionally, however, on the eve of the Muslim holiday Eid al-Fitr and a few days before Shavuot, which will be marked at the beginning of next week, spending is increased. Supermarkets across the country reported good customer traffic, but some vendors said the reports they receive from the field are of low demand relative to this time of year.
The decline comes after a period of increase in spending since the economy returned to activity. This is in light of the small number of people going abroad and the public's desire to compensate for the corona period. Credit card spending in April jumped more than 60% compared to last year (then the first closure occurred); spending in physical transactions rose more than 91% compared to the first closure Cash from ATMs rose by 66%.