Credit cards celebrated in August: this is the amount you spent on vacation

Data from the Sheba Company, which manages and develops the national credit card payment system, indicates that the spending of the Israeli public using credit cards during the holidays, July-August 2022, set a new record and reached a total amount of over NIS 77.674 billion. This is an increase of 6.1% compared to the summer months of 2021, during which expenditures totaling NIS 73.236 billion were recorded. In July-August 2020, during which there were restrictions on economic activity due to the corona virus, the expenditures on credit cards amounted to only 63.221 billion shekels. In July-August 2019, total expenditures reached NIS 59.108 billion.