Credit card purchases rise 8.8% in '05

Payments for services rose 14.1% in 2005, led by government and municipality services and utilities, which rose 20.1%.

By DANIEL KENNEMER
January 30, 2006 07:26
credit cards 88

credit cards 88. (photo credit: )

 
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Credit card purchases made by private consumers rose 8.8 percent in fixed prices over 2005, following 11.1% growth in 2004, the Central Bureau of Statistics said Sunday. Payments for services rose 14.1% in 2005, led by government and municipality services and utilities, which rose 20.1%. Purchases of industrial goods by credit card rose 13.7%, led by purchases of clothing and footwear, which climbed 19.9%. Credit card purchases of computers and software led with 21.7% growth last year, while food and drink purchases grew only 5.5%. The volume of insurance payments made by credit card gained 17%.

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