Israel: Credit Card Purchases Rose 7 Percent in 2012

(Monday, January 28th, 2013)

Yes, there is talk of recession but this is not evident if one looks at credit card shopping habits of Israelis, showing credit card purchases increased by 7% in 2012 as compared to 2011, the Central Bureau of Statistics reports.

The increase in 2011 compared to 2010 was only 3.4% so this past year, 2012, represented twice the growth seen a year earlier.

The biggest increase was seen in purchases abroad and for recreational spending. Credit card spending abroad was up by 10%, primarily used to purchases clothing and gadgets.

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(YWN – Israel Desk, Jerusalem)

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