Phoenix Gamma

Israelis returned to consumer routine as credit card spending rose across major retail sectors, led by a 19% spike in fashion and a 16% jump in computer sales.

Phoenix Gamma raised approximately 500 million shekels in an institutional commercial paper tender, drawing strong demand of 963 million shekels from investors.

Data from the Phoenix Gamma index shows subdued pre-Rosh Hashanah consumer activity, with food sales up 9% and fashion dropping 3% as shoppers focused on back-to-school expenses.