July breaks records: how much money did Israelis spend at the start of the summer?
Data from the Shva company points to a sharp jump and record credit card spending this month, alongside a record-breaking cash withdrawal amount — at a level not seen since the outbreak of the war. The sharp increase was recorded in the leisure, food, and restaurant sectors, while the aviation and tourism industries recorded an opposite trend.
The summer vacation began with a sharp jump in the spending of the Israeli public: during the month of July 2026, credit card spending stood at a record sum of 54.857 billion shekels. This is an increase of 5.8% (more than 2.995 billion shekels) compared to July of last year, when spending stood at 51.862 billion shekels.
According to data from the Shva company (Automated Banking Services), which manages the national payment systems, the average daily expenditure broke a new record and reached 1.771 billion shekels — an increase of 3.1% compared to last June. This is the second time in a row that the daily average has crossed the 1.7 billion shekel threshold.
Growth continues online and in stores
Total spending on online transactions reached 31.916 billion shekels in July — an increase of 4.5% compared to July 2025. The average daily purchase volume online crossed the billion threshold again and stood at 1.031 billion shekels, an increase of 3% compared to the month of June 2026.
At the same time, physical purchases at businesses also showed impressive growth: the daily average stood at 740.052 million shekels (an increase of 3.3% and 23.37 million shekels compared to last month). Total physical spending this month reached 22.942 billion shekels — a jump of 7.6% compared to July of last year.
Record in cash withdrawals
Another interesting figure concerns cash withdrawals, which reached a total sum of 6.057 billion shekels — the highest figure recorded in the Shva systems since August 2023, before the outbreak of the "Iron Swords" war.
This is an increase of 1.1% compared to the same month last year. The average daily withdrawal stood at 195.391 million shekels — thereby surpassing the previous record, which stood at 194.942 million shekels in August 2023.
Where did we spend more?
The sharpest increase in spending was recorded in the leisure and entertainment sector, which jumped by 14.9%. In second place are local food businesses (delis, butcher shops, bakeries, grocery stores, and kiosks) with an increase of 13.5%, and restaurants and cafes also showed strong growth of 11.6%.
On the other hand, the aviation sector suffered the sharpest decline with a drop of 12.3%, alongside a slight decrease of 1.6% recorded in travel agencies.
