Corona: The economic damage of the Omicron, all the numbers
The Israeli government, which sees the light at the end of the virus, suddenly remembered business: the finance minister and the prime minister will meet (separately) with business owners, and will probably also offer compensation.
Prior to the meeting, we went out to check, together with the ISA, which industries were affected and in how many. The conclusion: we travel, go out, buy and spend less. In how much?
Walla!
Of money
23/01/2022
Sunday, 23 January 2022, 15:27 Updated: 16:04
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The Minister of Finance, Avigdor Lieberman, is expected to meet with representatives of various industries in the economy.
In the future, Prime Minister Naftali Bennett and MK Avir Kara will meet with them
. According to him, "no closure has been imposed", it seems that the government, which may be seeing the light at the end of the omicron, is looking for dialogue with business owners
. It is clear that in the last month the Israeli economy has experienced a slowdown, so we went out to check, together with
Sheba, the director of the national credit card payment system
, how much money we have spent in recent weeks on various products and services that we consume regularly.
More on Walla!
A whole meal in one pot: Chili con carne stew on a campfire in the field
Walla!
Vehicle with Dacia
Eat more at home and less in restaurants (Photo: ShutterStock)
Six million shekels a day
According to ISA data published in Walla for the first time, there is a relatively large decrease in spending on restaurants and cafes
.
For example, the average daily spending last week, which ended on Thursday, January 20, on restaurants and cafes is estimated at NIS 60 million. (
7-13.1
) ,
the average daily expenditure is estimated at NIS 66 million, which is an average decrease of NIS 6 million per day, a pretty dramatic figure.
In the previous week, the average daily expenditure was estimated at NIS 35 million, although it can be assumed that more Israelis visited stores belonging to this segment in search of speed tests
.
Last week we spent an average of NIS 61 million a day, while two weeks ago we spent about NIS 66 million and a month ago about NIS 84 million a day.
That is, a decrease of NIS 23 million per day, over the month of Omicron.
Ricky Bleich, chairman of the Players' Association at a demonstration in the Habima plaza. Culture and leisure suffered a great deal, but at least received compensation (Photo: Reuven Castro)
Less occupancy in halls
Another industry that has taken a big hit in recent weeks is the culture and entertainment industry
, where we spent an average of NIS 3 and a half million a day last week, while a month ago we spent an average of more than NIS 4 million a day.
At least this industry received horizontal compensation last week.
Our spending on hotels and guest rooms has also slowed down.
Last week, we spent an average of NIS 12 million a day, a figure similar to the situation two weeks ago but different from a month ago, when we spent an average of NIS 15 million a day.
On the one hand, fewer traffic jams on the roads.
On the other hand, a decrease in the volume of travel is an immediate indication of a slowdown in economic activity in the economy (Photo: Reuven Castro)
The key figure that indicates a slowdown: We travel less
But while these figures are reasonable and can also be explained by the drop in temperatures, the relative increase in rainy days and other intervening variables, the
figure that most indicates the slowdown experienced by the Israeli economy due to the omicron is reflected in Israelis spending on transportation
. NIS 40 million for fuel, while two weeks ago we spent about NIS 43 million and a month ago about NIS 45 million.
Wait, maybe it's because we internalized the calls of the officials (none of whom gave up using the attached vehicle on behalf of the workplace) and switched to public transportation?
We checked - and there is also a decrease in spending on the use of public transportation, a week ago we spent about NIS 7.75 million while two weeks ago we spent an average of about NIS 8 million a day on the use of public transportation and a month ago about NIS 10 million.
But there are also those who earned, at this time and recorded an increase in turnover, albeit only a slight increase, and yet: in the food chains we spent about NIS 144 million compared to NIS 143 million a month ago.
The containers and explosions also recorded a moderate increase last week with about NIS 34 million, while a month ago we spent "only" about NIS 33 million.
Insulators probably spend more money on food.
Of money
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Tags
slowdown
Compensation
Corona
Avigdor Lieberman
Naftali Bennett