Recovery in credit card spending by the Israeli public: According to data from Sheba (Automatic Bank Services), total expenditures in November 2023 are only 5.5% lower than last year, when the average daily expenditure in November was NIS 1.242 billion and was 16% higher than in October 2023.
Fitch left Israel's credit rating unchanged, Netanyahu: "Very good news" (Archive) \\ Video: Omer Meron / GPO, Sound: Ben Peretz / GPO \\
There was a decline of 8.8 percent in the volume of cash withdrawals from bank ATMs. Sheba Deputy Director General Tali Hollenberg: "The November operations led to an increase in consumption, but only in the coming months will we be able to know whether we are in a routine of war."
Data from Sheba, the manager of the national credit card payment system, indicate that in November 2023, the second month of the "Iron Swords" war, there was a recovery in economic activity, and the decline in credit card spending by the Israeli public was only 5.5% compared to November 2022.
"November Operations Led to Increase in Consumption" (Illustrative),
During November 2023, the Israeli public's credit card spending reached a total of NIS 37.254 billion. This represents a decline in Israeli expenditures of more than NIS 2.185 billion compared with November of last year, when total credit expenditures stood at NIS 39.439 billion. The average daily amount of expenses in November 2023 was NIS 1.242 billion, which was 16% higher and more than NIS 173 million higher than the average daily expenditure amount recorded in October 2023, which stood at NIS 1.069 billion. In September 2023, the average daily expenditure amount was NIS 1.339 billion. The highest average daily expenditure was recorded in August 2023, reaching NIS 1.363 billion.
Wrong? We'll fix it! If you find a mistake in the article, please share with us