Credit card purchases up 8.8%

Private consumers spent 8.8 percent more with their credit cards in the first half of 2006 compared to the parallel period last year, the Central Bureau of Statistics said Monday.

By AVI KRAWITZ
July 26, 2006 07:33

 
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Private consumers spent 8.8 percent more with their credit cards in the first half of 2006 compared to the parallel period last year, the Central Bureau of Statistics said Monday. The CBS said 21% of the purchases were made on food and beverages, including food services, which showed a 5.4% rise over the first six months of 2005. Credit card spending on equipment and transportations services dropped 2.5% each. The data showed that 19% purchases were made on clothing, furniture and electronic appliances and the same amount on insurance, travel and municipal services, while 10% went to the telecommunications market.

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