Where Victorians spent their money on the first weekend under eased restrictions
There was a massive week-on-week surge in trading for many businesses across the state after COVID-19 restrictions were eased at 11.59pm on Thursday.
Transaction data from NAB terminals shows trade at pubs on Friday and Saturday was up by about 1000 per cent on the previous week.
At beauty services and hairdressers, business was up by 2338 per cent.
Group executive of business and private banking at NAB, Andrew Irvine, said spending at restaurants was also up, but not by as much as pubs and hairdressers.
“Restaurants up over 120 per cent, which is great … that number hasn’t bounced as strongly as you would have thought,” he told Neil Mitchell.
“The big reason … Saturday night was a bit chilly so outdoor dining would have been for the brave.”
Mr Irvine says NAB terminal data is a reliable measure of how we spent our money on Friday and Saturday.
“We’re about 20 per cent of retailers across the country and so it’s a pretty good gauge of what happened here in Victoria over the last couple of days,” he said.
Press PLAY below for more on how Victorians spent their money on Friday and Saturday