Israelis flock to the mall:
shopping in November, along with the Sabbath of the elections, caused the Israeli people to spend quite a bit of money and led to a peak in credit spending.
According to these data, the expenses of Israelis on credit cards amounted to NIS 39.389 billion and jumped in November by 9% compared to November last year.
This is according to the data of the SBA company.
In November 2020, during which the exit from the second lockdown took place and there were still restrictions on economic activity due to the corona virus, the expenses on credit cards amounted to NIS 31.813 billion.
In November 2019, the total expenses reached NIS 29.937 billion.
Online shopping was also done in large quantities, photo: GettyImages
The average daily amount of expenses on credit in November 2022 set a new record and stands at NIS 1.313 billion.
This is a sharp increase of more than NIS 124 million in the average daily expenditure and a jump of 10.4% compared to October 2022.
The average daily expenditure on credit cards during the month of November is a new record and is 1.5% higher than the previous average daily expenditure record recorded in September 2022, during which the expenditure stood at NIS 1.294 billion.
The average daily spending amount on credit cards in November 2021 was NIS 1.205 billion.
The expenses in online transactions registered a new record in November 2022 and reached the amount of NIS 23.344 billion.
Compared to the November 2021 figure, which was NIS 21.297 billion, this is an increase of 9.6%.
Ayalon Mall.
Israelis broke a shopping record, photo: Coco
The amount of daily spending in online transactions in November was NIS 778.117 million, a figure that represents a jump of 18.1% and approximately NIS 119 million in the average daily spending amount online compared to October 2022 when the amount was NIS 659.134 million.
The average daily spending online in November represents an increase of 4% compared to the previous record from September this year which was NIS 748.246 million.
Expenditures in physical transactions in the businesses themselves grew in November at a rate of 8.1% compared to last year.
The amount of expenses in physical transactions was 16.045 billion shekels in November 2022 compared to a total amount of expenses in physical transactions of 14.841 billion shekels in November 2021. The average daily expenses in physical transactions in November was 534.846 million shekels, this is a 4% higher figure compared to October 2022 in which the amount of expenses The daily average in online transactions was NIS 512.791 million.
Spending time in a mall in Haifa, photo: Herzi Shapira
In contrast, a decrease of 1.1% was recorded in November 2022 in the volume of cash withdrawals at bank ATMs compared to last year.
The total withdrawal amount in November was NIS 5.292 billion compared to NIS 5.351 billion in November 2021. The average daily cash withdrawal amount was NIS 176.403 million in November 2022.
This is a 4.9% increase in the average daily cash withdrawal compared to October 2022, when the amount was NIS 168.096 million.
According to Ronit Tishler Pitti, SBA's Vice President of Operations and Partner Relations: "The Israeli public demonstrated consumer wisdom when it concentrated a significant portion of its spending around the special days of November. The combination of the shopping holidays in November, together with the election Sabbath at the beginning of the month, led that the expenses on credit cards registered new records."
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