NAB predicts bumper Mother’s Day shopping spree

Share

Share

Australians will hit the shops in record numbers ahead of Mother’s Day, with NAB predicting it will process more than 29 million transactions between today and this Sunday.

NAB General Manager for Transaction Services, Simone Van Veen, said NAB is expecting customers will make more than 29 million transactions using ATMs, EFTPOS, debit and credit cards in the next three days.

“From today, we’re predicting a peak in transaction levels, as people buy their mums, grandmothers, partners and sisters cards, gifts, and flowers to tell them how much they mean to them,” Ms Van Veen said.

“Approximately 10.2 million transactions will take place the day before Mother’s Day, approximately 1 million above the average transactions for a Saturday.”

This year, NAB predicts customers will make approximately 6.4 million more transactions compared to this time two years ago.

“In 2015, we processed 22.6 million transactions in the days leading up to Mother’s Day. For the same time this year, we expect to see 29 million transactions,” Ms Van Veen said.

“Shoppers should plan ahead as much as possible, to make sure they treat their loved ones this Mother’s Day.”

Predicted transactions 2017

  • Sunday 14 May 2017 – 7,282,593
  • Saturday 13 May 2017 – 10,294,720
  • Friday 12 May 2017 – 11,434,680

Predicted transactions 2015

  • Sunday 10 May 2015 – 5,674,177
  • Saturday 9 May 2015 – 8,021,053
  • Friday 8 May 2015 – 8,909,244

 

 

Economy

SEE ALL TOPICS

Related Articles

  • Business

Fresh flavours and customer focus: il Mercato Centrale, backed by NAB

NAB customer, il Mercato Centrale is using customer feedback to deliver fresh flavours and an immersive Italian experience, underpinned by a focus on growth and expansion.

  • 07.11.2024
  • Time to read 1 min read
  • Best in Business

Backing our Businesses: Australia’s got talent, but it’s hard to find

Following the release of the NAB SME Report, we spoke to Charmagne and Colin from Country Rubber and Foam about why finding and retaining good talent is becoming harder for Australian small businesses

  • 31.10.2024
  • Time to read 2 min read
  • Best in Business

Backing our Businesses: How cyber attacks are preying on time-poor business owners

Following the findings of NAB’s SME Report, we speak to David Webb, owner of Brisbane-based technology company WINBASIC, about cyber threats to small businesses and what we can do to help.

  • 31.10.2024
  • Time to read 1 min read

Quick links

Business Research and Insights

For more economic news, insights and analysis, visit NAB’s Business Research and Insights