Although the Bank of Israel released data last week showing the country to be in “the worst economic slow-down since the mid-1960s,” Israeli consumers are engaged in an orgy of holiday shopping with Passover less than two weeks away.
Never mind Shabbat. Stores were stormed last Saturday by throngs of shoppers eager to buy everything in sight.
Detergents, household goods, wines, clothing and electrical appliances topped the shopping lists of Israelis who seemed to ignore their overdrawn checking accounts and the overall air of economic uncertainty.
The big department stores reported sales jumping by 15 to 22 percent compared to the same period last year and an 11 percent rise in the number of customers.
According to store managers, sales were slower in April 1991 because many consumers had already stocked up for the Persian Gulf war.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.