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Retail industry boosted by Boxing Day buys

BOXING Day transactions rose by about 30 per cent from last year, bringing some Christmas joy for the embattled retail sector, according to data from National Australia Bank.

At the peak, NAB was processing more than 100 transactions a second.

It registered more than 3.8 million ATM, eftpos, debit and credit card transactions on Boxing Day, nearly a third higher than last year, when transactions hovered just below 3 million and at a peak rate of about 80 a second.

A NAB spokesman said the year-on-year growth could be a reflection of the increasing use of cards over cash for shoppers.

The data came as the consumer discretionary sector on the sharemarket rose 1 per cent on Thursday.

 

Read more at Brisbane Times

Topics:  boxing day national australia bank retail shopping


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