Passover purchases at low ebb
Israelis prefer nature to malls during holiday, numbers show
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This year’s Passover saw Israelis spend less money in stores than during any of the past 11 celebrations of the annual holiday, according to a report published Tuesday.
The average credit card expenditure during the interim days of the holiday, standing at some NIS 350 (almost $100), was lower by 7 percent than it was during the same period last year, according to data analyzed by Gamma Management and Clearing Ltd., based on 6 million credit card purchases made during the holiday.
The report attributed the trend to Israelis’ rediscovery of the great outdoors, which took a bite out of consumerist pursuits.
The report’s publication came on the heels of Finance Minister Yair Lapid’s much-discussed lament about the decreasing buying power of the middle classes.
The Times of Israel Community.