2024-03-31 21:19:33
Data released today, March 31, shows increased consumer spending by Israelis despite the Iron Swords military action.
This is reported by “Details”.
Israel’s Central Bureau of Statistics (CBB) says that over the past three months, from December last year to February this year, consumer spending by Israelis grew at an annual rate of 5.3%. Spending on food increased by 5.5%. It is likely that food costs would have been even higher if not for the aggressive stockpiling carried out by the Israelis in October, fearing shortages due to the War of Iron Swords.
As for purchases of other goods on credit cards, their growth is measured in double digits. First of all, this concerns manufactured goods, costs for which have increased by almost 15%. This includes clothing, footwear, electrical goods and consumer electronics.
It should be borne in mind that many Israelis did not travel abroad during this period, so they purchased some goods and services in the country, avoiding shopping abroad due to hostilities.
The only exception is services, costs for which decreased by almost 3%. This is because Israeli statistics take into account services related to international travel. Although passenger traffic at the international airport is gradually increasing, it is still significantly lower than last year.
Kursor also reported that the head of the Bank of Israel appealed to the government.
2024-03-31 21:19:33