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Norwegians spend billions on shopping during festive days

The big festive days in connection with Christmas, Easter and 17 May are traditionally the biggest shopping days. The previous peak day for trading was 5 April when we traded for NOK 2.35 billion.

– We spent more money on groceries than we usually do in everyday life. Almost 50 per cent of what we shopped before 17 May was from grocery stores. On weekdays, groceries only account for around 40 per cent, says Kjetil Bøe, Head of Payments at BankID BankAxept.

Full mill on the town

On the big day of celebration on 17 May, we traded for NOK 463 million, 5 percent less than last year. We still used over 50 per cent more than in 2021.

About half of the money was spent on food and drink at the bar and restaurant. The trend was similar for all the big cities, where we spent a little less in the city than last year, but shopped for a slightly larger amount per purchase.

– This May 17 celebration, spending was not as high as last year. It was as expected when the actual “liberation” from the corona epidemic was celebrated last year, says Kjetil Bøe.

Norwegians’ consumption 15 – 17 May 2023

  • The biggest shopping day so far this year is 16 May with NOK 3.2 billion. Followed by 15 May of NOK 2.6 billion.
  • Almost 50 per cent of what we shopped on 16 May was groceries.
  • Historically, the days before Christmas, Easter and 17 May are the biggest shopping days.
  • On 17 May, we shopped for NOK 463 million, 5 per cent lower than on 17 May 2022. Norwegians left the most money at restaurants, almost 50 per cent.
  • Similar trend in the cities of Oslo, Bergen and Trondheim, where Norwegians shopped for less at bars and restaurants than in 2022, but the average shopping basket was higher.
  • Oslo’s restaurants and bars account for 25 per cent of the volume in the nightlife industry in Norway on 17 May and the rest of the year.

2023-05-18 10:31:55


#celebration #Traded #daily #records

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