Israelis cutting back on shopping? The data pointing to a change in credit

Sheba data for October 2026 shows a 12.5% increase in total spending compared to last year, but a 6.2% drop in the daily average compared to September, to 1.664 billion shekels. Online shopping also fell below one billion shekels per day. The figures indicate a moderation in the pace of purchases.

Data from the Sheba company for October 2026 shows a 12.5% increase in total credit card spending compared to October last year, reaching 51.593 billion shekels. However, the daily average fell by 6.2% compared to September, to 1.664 billion shekels, after four consecutive months of decline below the 1.7 billion threshold. Online shopping also recorded a decline, with the daily average falling below one billion shekels. The data indicates a moderation in the pace of purchases, ahead of the busy November month of sales events such as Shopping IL, Chinese Singles' Day, Black Friday, and Cyber Monday.