Israelis' daily spending on credit cards increased by 10.1% last October

sraelis continue to spend: Israelis' daily spending on credit cards increased by 10.1% last October compared to September, and amounted to NIS 1.136 billion.
Total expenditures in October amounted to NIS 35.2 billion, a jump of 35.9% compared to the same period last year - when the second closure shut down large parts of the Israeli economy due to the corona plague. Thus, according to data from the Automated Banking Services Company, manages the national payment card system.
This is also an increase compared to the corresponding period before the outbreak of the virus, in October 2019, when the total amount of expenses on credit cards reached only NIS 27,797 billion.
The upward trend in credit card spending in recent months is due to both restrictions on flights abroad and price increases in various areas. To the sea, but in recent years they have also been adopted by local companies - offering deals online and in physical stores.
According to Eitan Lev Tov, CEO of Automated Banking Services, "Data on business activity in the economy in October show that the Israeli economy has recovered from the fourth wave of the corona. Returning to routine after the Tishrei holidays has boosted Israeli spending."