210,000 more Israelis returned to work • Increase in total transactions in restaurants, automotive, clothing and footwear, electricity and electronics • Abroad abroad - "grounded" buyers in Israel
Return to malls
Photo:
Gideon Markovich
The economy has been recovering since the Corona virus crisis: the volume of transactions has also increased - and the number of wage recipients has grown. Data from the "Net Salary" of Masbat (Bank Clearing Center), which operates the national payment transfer system in Israel, show that in May the number of wage recipients increased from 2.98 million in April to 3.19 million in May (an increase of 7.1%). However, this is still a low figure compared to March, when salaries were passed to 3.65 million Israelis.
According to data from SBS data, the average net salary paid for May's salary decreased by 3.2% compared to the average salary paid for April's salary.
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This figure indicates that the salary payments were made for part-time jobs and not for a full month of work, and that the Israelis who returned to the salary-recipient circle were those whose salaries were lower than the average wage in the economy. In the salary paid for February, which is the last month without the effects of the Corona crisis on the Israeli economy, the average net salary was NIS 7,269.7.
The number of transactions has also increased. Gamma Management and Clearing data compares between May 2020 and the month before that the fashion and footwear industry recorded a 307% increase in credit card shopping turnover and a 23% decrease in average shopping volume from NIS 255 to NIS 195.
The cafes and restaurants sector recorded a 20% increase in credit card shopping turnover and a 25% decrease in average shopping volume from NIS 118 to NIS 88. The electricity and electronics industry recorded a 23% increase in credit card shopping.
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The department store registered a 45% increase in credit card shopping. In the food industry, there was a 1.6% decrease in the credit card shopping cycle and a decrease in the average purchase rate of 18%, from NIS 151 to NIS 123. In the computer industry, there was a 9.1% increase in credit card shopping. In the auto services and garages industry, there was a 92.2% increase in credit card shopping. In the communications industry, there was a 23% increase in the total transaction volume and a 13% increase in the average transaction volume from NIS 466 to NIS 527.
The public is coming
"The rise in May and early June proves that the economy is recovering and even surpassing pre-corona turnover," said Yaron Sofer, vice president of sales at Gamma Management and Clearing. In the writer.
Mall owners and chains have come out with attractive deals to attract the public, and we do indeed see the public coming to malls and shopping. Also, keep in mind that hundreds of thousands of ordinary citizens who are abroad during this period are in Israel and contribute to the increase in retail sales. "