Credit card purchases rise 11.9%

Credit card purchases made by private consumers rose 11.9 percent in the three months from June to August compared with the same time last year, the Central Bureau of Statistics reported on Monday.

By SHARON WROBEL
September 25, 2007 07:40

Credit card purchases made by private consumers rose 11.9 percent in the three months from June to August compared with the same time last year, the Central Bureau of Statistics reported on Monday. Overall, purchases by individuals and companies rose about 14% from last year, following a similar rise of 13.9% during the previous three months of March to May of this year. According to CSB data, communications purchases, which are comprised of both products such as cellphones and land lines and also telephone bills, comprised 10% of total credit card purchases made by Israelis, followed by purchases of clothes and shoes (9%) and then gas and electricity (8%). Purchases of computers and software, books and leisure activities as well as furniture registered the fewest credit card purchases.


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