The average purchase on the eve of the holiday was NIS 695.
“Retail trading was intense during the intermediate days of the Sukkot holiday,” Gama Management and Clearing CEO Ariel Genut told "Globes". Gama deals with early clearance and conversion into cash for retail businesses of credit card payment vouchers.
Gama’s figures show that the number of those making credit card purchases during the Sukkot holiday was 40% higher than during the holiday last year. This year’s holiday purchases averaged NIS 604, compared with NIS 598 during the intermediate days of both last Sukkot and last Passover.
Gama added that total purchases rose by 20% on the eve of the Jewish High Holy Days, with purchases averaging NIS 695.
Gama also reported that 156,000 credit card purchases amounting to NIS 94 million had been made at over 6,000 retail businesses around Israel during the Sukkot holiday.
Published by Globes [online] - www.globes.co.il - on October 26, 2005