Further increase in credit expenses: Data from the Sheba Company - developer and administrator of the national credit card payment system - shows that during March 2024, the sixth month of the 'Iron Swords' War, there was a new monthly spending record among the Israeli public.
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Business activity in the economy continued its growth trend, leading to the volume of monthly credit card spending breaking the previous record recorded in August 2023.
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During March 2024, the Israeli public's spending using credit cards reached a total of 42.407 billion shekels.
This is an increase of 1.075 billion shekels and 2.61% compared to March 2023, when total credit expenses stood at 41.333 billion shekels.
The average daily spending amount in March 2024 was 1.368 billion shekels, which was 31.3% and 40 million shekels higher than the average daily amount in February 2023, which was 1.328 billion shekels.
The monthly spending volume in March 2024 constitutes a new monthly record in spending volume compared to the previous record in August 2023, in which total spending reached 42.354 billion shekels, an increase of 1.31%.
The average daily spending recorded in August 2023 was 1.363 billion shekels.
