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

  • Indigenous Affairs

Kooya – success built on family and community

How 2024 West Australian of the Year and NAIDOC Award Winner Kim Collard made his mark in business and the community.

  • 09.07.2024
  • Time to read 1 min read
  • Indigenous Affairs

NAB Foundation funds critical research on First Nations workplace inclusion

New research is set to detail the lived experience of First Nations Australians at work and the improvements required to create workplaces free of racism, discrimination and bias.

  • 08.07.2024
  • Time to read 3 min read
  • Economy

Australia needs best alarm system on the street: NAB CEO addresses ABA Conference

In a panel discussion at the ABA Conference, NAB CEO Andrew Irvine discussed how the industry was responding to key issues including housing, cost-of-living, and scams and fraud.

  • 26.06.2024
  • Time to read 3 min read

Quick links

Business Research and Insights

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