Icelandic credit card turnover abroad was ISK 18 billion the first half of 2005, a 36% year-over-year increase. The turnover last month was ISK 3 billion, a 38% increase from the same month last year. Credit card usage for the same period increased by 20%. The research department at Íslandsbanki points out that higher turnover vs. usage means that consumers are either buying more expensive products or that more is being purchased at once.
Icelandic credit card turnover surges abroad