June: 3.7% increase in total credit card purchases compared to May

In June, there was a 3.7% increase in total credit card purchases, compared to May, and an 8.7% increase in credit card purchases compared to the corresponding month in 2019. These data refer to the total amount of purchases in businesses, as reported by three credit card companies - Isracard , ICC and Max, and refer to purchases by Israelis in Israel only. The data reflect an increase in the use of credit cards at the expense of other means of payment - due to the decrease in accessibility to businesses, along with an increase in purchases or prices - depending on the relevant industry.
The data shows a 2.1% increase in food and beverage purchases - including orders and food services, compared with May, and a 9.6% increase in this industry compared to June 2019. A 6% increase compared to May was recorded in the products and services industry (including fuel, electricity and gas, computers and software, equipment and services Transport and communications, books, advertising, medical and pharmaceutical services and miscellaneous), which reflects an increase of 17.9% compared to June 2019, and in the industry purchases of industrial products (including clothing and footwear, electrical and electronics, and furniture), a decrease of 1.8% compared to May, and an increase of 15.8% In relation to June 2019.
For many industries such as books, flights and office equipment, no annual trend data were presented in the survey, as in June there was a sharp change, but nevertheless trend data were calculated for the following groups: In the computer and software group, according to trend data, in the three months April-June 2020 Of 28.5% on an annual basis; This, after an increase of 41.4% in the three months January-March 2020.
Also in the equipment and communication services group, according to the trend data, in the three months April-June 2020 there was an increase, but only of 2.7% on an annual basis; This, after an increase of 2.9% in the three months January-March 2020.
In total, in the variance group, according to trend data, in the three months April-June 2020 there was an increase, at constant prices, of 20.1% on an annual basis; This, after an increase of 20.6% in the three months January-March 2020.